9 Things a Solid Debt Settlement Agreement Should Have
A debt settlement agreement will help you take control of your financial future and get out from under the burden of outstanding debts. A solid agreement can make all the difference in how much money you save, how quickly you pay off your debt and even your credit score. Here are 9 things a solid debt settlement agreement should have:
First, it should include details about which creditors are included in the plan. You want to make sure that all creditors are properly listed and that any interest rates or fees associated with them is clearly stated. Second, it should provide a timeline for when payments need to be made. This will ensure that payments are made on time and no one is caught unprepared financially. Third, the proposed payment schedule should be realistic for both parties involved so that it can be easily followed without putting additional strain on either party’s budgeting needs.
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