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Save Debt Settlement Agreement Template in PDF

Save Debt Settlement Agreement Template in PDF

Aug 6th, 2022

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How to Save Debt Settlement Agreement Template in PDF

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A debt settlement agreement is used to formalize the renegotiation or settlement between a debtor and creditor. It typically reduces or eliminates the original debt amount, allowing the creditor to forgive part of the debt and relieve the debtor from remaining obligations. This usually occurs after the debtor makes a final payment following the execution of the settlement. Additionally, the creditor agrees to remove any obligations of the debtor under the original contract and renounces the right to pursue any legal action related to the original agreement.

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