A debt settlement agreement is a legal contract between a borrower and their creditors, in which the borrower agrees to pay a reduced amount of money in order to settle their outstanding debts. Full definition
One of the ways in which debt - relief companies serve their clients is by negotiating debt settlement agreements with creditors with the goal of reducing the amount of money owed. (debt.org)
You enter into a debt management not debt settlement agreement which lowers your interest rates and gives you a real time pay off date (1 to 3 years depending on your debt). (debtkid.com)
Users that create Debt Settlement Agreement sometimes need additional documents. (rocketlawyer.com)