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Send Debt Settlement Agreement Template via Fax

Send Debt Settlement Agreement Template via Fax

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Aug 6th, 2022

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How to Send Debt Settlement Agreement Template via Fax

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A debt settlement agreement is used to formalize a renegotiation between a debtor and creditor, often resulting in a reduction or elimination of the original debt. This agreement allows the creditor to forgive part of the debt, relieving the debtor from any remaining obligations. Typically, this occurs after the debtor makes their final payment under the settlement terms. The creditor is then required to remove any obligations from the original contract and forgo pursuing any further actions against the debtor tied to that agreement.

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