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Notarize Debt Settlement Agreement

Notarize Debt Settlement Agreement

Aug 6th, 2022

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How to notarize Debt Settlement Agreement

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A debt settlement agreement formalizes the renegotiation or settlement between a debtor and creditor. It typically reduces or eliminates the debtor's original debt and allows the creditor to forgive a portion of it, freeing the debtor from remaining obligations. In return, the debtor makes a final payment after the settlement is executed. The creditor is then expected to release the debtor from any obligations under the original contract and renounce any further action against the debtor related to that agreement.

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