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Save Debt Settlement Agreement Template in DOC

Save Debt Settlement Agreement Template in DOC

Aug 6th, 2022

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How to Save Debt Settlement Agreement Template in DOC

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A debt settlement agreement formalizes the renegotiation between a debtor and a creditor. It typically reduces or eliminates the original debt amount and allows the creditor to forgive part of the debt, releasing the debtor from any remaining obligations. This forgiveness generally follows the debtor's final payment after the settlement is executed. Additionally, the creditor agrees to relinquish any rights to pursue actions against the debtor related to the original contract.

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