This form is a debt agreement pursuant to a loan.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
While you're in a debt agreement, it may be tough to get new credit. Lenders usually want to see that you’re on the right track with your existing debt before extending new credit.
The timeline can vary. It might take a few weeks to get everything sorted out, but it’s all about negotiating with your creditors and getting them on board.
Absolutely. Sometimes, creditors may not agree to the terms, or you might face a negative impact on your credit score. It's crucial to weigh the pros and cons.
Plenty! You'll potentially reduce what you owe, get a more manageable monthly payment, and avoid bankruptcy, which can be a real weight off your shoulders.
If you're struggling to keep up with your bills and have unsecured debts like credit cards, you might be a good candidate for a debt agreement.
You work with a debt relief company or a lawyer to create a plan. They contact your creditors to see if they’re willing to accept a lower payment or settle for a less amount.
A debt agreement in Austin is a legal arrangement that helps folks manage their debts by negotiating lower payments or settling debts for less than you owe.
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