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DEBT SETTLEMENT CONTRACT 2025

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The document is a Debt Settlement Contract between a client and DebtAgree, outlining the terms under which DebtAgree will assist the client in settling specified debts. It details the fees for services, including a base fee per account and a percentage of any debt reduction achieved. The contract emphasizes that there are no guarantees of settlement outcomes, and clients must not negotiate directly with creditors while the agreement is in effect. Additionally, it clarifies that DebtAgree does not provide legal representation.

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Click ‘Get Form’ to open the DEBT SETTLEMENT CONTRACT in the editor.
Begin by entering the 'Date' at the top of the form. This is essential for record-keeping.
Fill in your 'Name of Client' to identify who is entering into this agreement.
Specify the 'Type of Service' you are seeking from DebtAgree, ensuring clarity on your needs.
Input the 'Date of Credit' to provide context for your debts.
In the section detailing 'Services to be Rendered', review and confirm that you understand DebtAgree will assist in settling your debts as listed in Exhibit A.
Complete the fee structure by filling in the base fee per account and acknowledging any additional costs associated with settlement.
Read through all terms carefully, especially regarding payment obligations and conditions for termination of services.
Finally, sign on the lines provided at the bottom to indicate your approval and agreement to these terms.

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Versions	Form popularity	Fillable & printable
2017	4.4 Satisfied (42 Votes)

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How to write a debt settlement agreement?

That said, most successful settlements typically result in paying 30% to 50% less than the original balance. So, for example, if you owe $10,000 on a credit card, you might reasonably offer $5,000 to $7,000 as a lump-sum settlement.

What is a debt settlement agreement?

What Does a Debt Settlement Agreement Have To Include? The original creditor and/or debt collectors company name. Your full name. Your account number. The amount of the debt you owe. The settlement amount that was agreed upon.

Is it a good idea to do a debt settlement?

Debt settlement cons Negotiations typically require you to stop making payments, which will damage your credit score. You may pay debt settlement company fees as high as 15 to 25 percent of the amount settled. The amount of forgiven debt may be considered taxable income by the IRS, so there may be tax implications.

What are the negatives of debt settlement?

Below, well explore some of the most common risks associated with credit debt settlement, so you can make a fully informed choice. Creditors May Refuse to Settle. Creditor Lawsuits. Negative Impact on Credit Score. Higher Tax Obligations on Forgiven Debt. Fees Charged by Credit Card Settlement Companies.

What is debt settlement and how does it work?

Using debt settlement services can have a negative impact on your credit scores and your ability to get credit in the future.