Get Debt Settlement Agreement 2018-2026

Filling out a Debt Settlement Agreement online can seem overwhelming, but with clear guidance, you can navigate the process smoothly. This document serves as a formal agreement between the Creditor and Debtor, ensuring both parties understand their obligations and the terms of settlement.

Follow the steps to successfully fill out your Debt Settlement Agreement

1. Select the ‘Get Form’ button to access the Debt Settlement Agreement document. This will allow you to open the form in a suitable editor for completion.
2. Begin by filling in the names and addresses of both parties involved in the agreement. Identify the Creditor and Debtor by providing their respective names, cities, and states.
3. Specify the effective date of the agreement in the designated field. This is the date that signifies when the agreement becomes valid.
4. In the section labeled ‘Present Debt’, input the total amount of debt owed by the Debtor to the Creditor.
5. Next, complete the ‘Settlement Debt’ field with the amount that the Creditor agrees to accept as full settlement of the Present Debt.
6. In the payment section, indicate the method of payment for the Settlement Debt by checking the appropriate option from the list provided, such as check, bank wire, or cash. Ensure that the payment due date is also filled in.
7. Review the section describing the Creditor’s duties. This ensures you understand the obligations regarding credit report entries and removal.
8. Include the signatures of both the Creditor and Debtor at the end of the agreement, along with the dates on which they are signing the document.
9. Finally, review the entire document for completeness and accuracy. Once confirmed, save changes to the document and choose to download, print, or share it as needed.

Start completing your Debt Settlement Agreement online today.