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.
Canceling a debt agreement can be tricky. It's best to consult with your advisor, as it might lead to more financial headaches down the line.
Typically, a debt agreement lasts around three to five years, but it varies based on your specific situation. It's like a marathon, not a sprint!
If you falter on your payments, you could face penalties or even risk falling back into worse debt. It's wise to keep a close eye on your finances and ask for help if needed.
Yes, it will likely ding your credit score initially, but think of it as a necessary step toward financial freedom. Over time, you can rebuild your credit.
Anyone struggling with debt can consider entering into a debt agreement, including individuals and small businesses looking for relief from their financial burdens.
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