Full and Final Settlement Agreement / Letter / e-mail

Partial / Discounted Repayment

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Description:

Full and Final Settlement letter for outstanding debt stating debt amount, reason for payment delay and proposed repayment final discounted repayment amount with creditor's acceptance acknowledgement.

The debtor understands that they have outstanding debts and explains the following reasons. After discussion, the creditor understands the debtor's difficulties and is willing to consider their proposed arrangement to settle the debt. The proposed discounted amount is outlined in the contract.

How to use this Document?


This letter to the creditor can be used by a debtor, whereby a debtor is looking to request a new discounted repayment amount on outstanding debt. This serves only as a template and you may wish to make other requests.

This Letter to the Creditor can be used to request the creditor to:

- Accept a new discounted repayment amount

- Waive any interests of penalties during the suspension of payment 

 

How to Tailor the Document for Your Need?


Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

Document Type:

Letter / e-mail / note / correspondence

Category:

Personal > Legal / Settlement / Insurance > Full and Final Settlement Letter / Settlement Agreement

 
Keywords:

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.