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.
Missing a payment can throw a wrench in the works. It could lead to penalties or even the cancellation of the agreement, so it’s best to stay in close touch with your creditors if you're having issues.
While it’s not a law that you need a lawyer, having one can be a real lifesaver. They can help you understand the ins and outs of the agreement and make sure you’re getting a fair shake.
Typically, a debt agreement lasts anywhere from a few months to a few years, depending on your unique financial situation and the terms you negotiate with your creditors.
Yes, it might put a damper on your credit score for a bit. But it's often seen as a better option than bankruptcy, and with time, you can rebuild your credit as you get back on your feet.
Anyone facing a mountain of debt can benefit from a debt agreement. If your finances are feeling tight and the bills keep piling up, this could be a good path to explore.
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