Sample Debt Settlement Proposal Letter Name of Debtor Address of Debtor City State Zip Code DATE Name of Creditor Address of Creditor City State Zip Code RE.
Sample letter of agreement for debt settlement. And Robert Mathew both the parties agree that the outstanding debt is 50000 Dollar Fifty Thousand Only. Settlement of debt Dear Name of Creditor. A debt agreement is the contract that discusses the amount of money that a creditor will get within a particular time period and time frames as the settlement or payment of another entitys debt.
We agreed that my outstanding debt is AMOUNT and that you will accept the sum. We are not legal experts and have prepared this payment agreement template to only be used as a sample. And Robert Mathew hereby agree to compromise the debt amount under the stated below terms and conditions.
Our sample shows how to write the easiest agreement letter yet. You can use the sample debt letter below as a template for your own debt settlement effort. This Debt Settlement Agreement the Agreement states the terms and conditions that govern the contractual agreement between ClientCompany having its principal place of business at Address the Debtor and SenderCompany having its principal place of business at Address the Creditor who agrees to be bound by this Agreement.
The money is to be repaid in one lump sum. A debt settlement agreement letter is typically used to confirm in writing what verbal agreement you had with your creditor or collection agency to settle your debt. It includes a negotiating point requesting to remove any late payments or charge off statuses from your credit report.
The creditor is Citibank agreeing to settle for a one-time payment of 147575 on a total debt with a balance of 421614. Click to view LiveCareers debt settlement agreement letter. The valid date is the date you agreed to pay the debt back.
Debt Settlement Agreement Letter Format. Hence it can be used as a proof or evidence whenever there are disputes that will occur in the future with regards the debt. Sample Debt Settlement Letters.