Debt Settlement Agreement

Debt Settlement Agreement

Whereas

has a debt in the amount of

owed to

Whereas

has been delinquent in

payment of this debt since

and has thus accrued

late fees in the amount of

Whereas

wishes to resolve this debt

swiftly and amicably.

Whereas

has completed the paperwork

necessary for the debt settlement process.

Now, therefore, both parties agree to the following as a settlement of this

debt:

will pay

each

until the newly agreed upon amount of

has been

satisfied in its entirety.

Failure on the part of

to make these new

payments on time and in full will result in breach of this contract, and will

allow

to assess late fees of

every

Consistent failure to make payments gives

cause and justification to begin debt collection proceedings immediately,

and to pursue any legal avenues in the appropriate courts of law in the state

of

Repayment will begin on

____________________________                ____________________________

Debtor Name                                                                   Debtor Signature

Date:

____________________________                ____________________________

Creditor Name                                                     Creditor Signature

Date: