Agreement to Compromise Debt

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Agreement to Compromise Debt

This agreement allows you to compromise the repayment of a debt. The Lender agrees to accept something other than the full amount to settle the debt.

Accurate and detailed answers to the questions will ensure a better quality final document. You will be able to come back to this page and edit your answers, change other details or omit some or all of the information. Should your local jurisdiction require additional laws and statutes and you choose not to enter it in this question page, we will print the agreement with additional space for you to fill in the information at a later time.

LENDER INFORMATION

Full Name:

Address:

City:

State:

Zip Code:

Add Additional Lender?

Yes No

BORROWER INFORMATION

Full Name:

Address:

City:

State:

Zip Code:

Add a second Borrower?

Yes No

REPAYMENT INFORMATION

Will a Promissory Note or other contract be attached to this Agreement?

Yes No

Amount of current debt

Repayment to be made in the form of:

Amount to pay off debt:	$
Outline the terms of the pay out, will it be one lump sum or multiple monthly payments etc.

FINAL DETAILS

Agreement Signing Date:

Will a witness also be signing this agreement?

Use the area below to enter any other details that you would like:
(Leave blank if not needed)