The Washington Assignment of Account Agreement is a contract that establishes an arrangement between two parties for the transfer of a debt or obligation from one party to another. This agreement is typically used to assign a debt such as a loan or credit card debt from the original account holder to a new assignee. The Washington Assignment of Account Agreement outlines the terms and conditions of the assignment such as the amount of the debt, the payment due date, the interest rate, and any other related terms. There are two types of Washington Assignment of Account Agreements, namely the Unsecured Agreement and the Secured Agreement. The Unsecured Agreement does not require any collateral to secure the debt, while the Secured Agreement requires collateral in the form of real estate or other property to guarantee the debt.