The phrase
"agreement with creditors" refers to a situation where a person or organization negotiates and comes to a mutual understanding with the people or companies whom they owe money to. It involves both parties agreeing on a plan to repay the debts, often with adjusted terms or reduced amounts to make it more manageable for the debtor.
Full definition
Synonyms for individual words can be found below.
«agreement»
«creditors»
Sentences with «agreement with creditors»
- 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)
- A «trust deed» is a voluntary agreement with your creditors (the people you owe money to) to repay part of what you owe them. (nationaldebtline.org)
- Using the best debt consolidation company you can make the best agreement with creditors. (debtfirms.com)
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sentences)