USA Debt Collection Agreement
Work out a debt repayment arrangement with a debtor under the terms of this USA Debt Collection Agreement.
- The creditor agrees to accept payment of an outstanding debt from a debtor (customer) through regular monthly payments.
- The debtor must also sign a promissory note to secure the outstanding balance.
- As long as the debtor continues to make the payments on time, the creditor agrees not to take any legal action against the debtor.
Getting paid over time is always preferable to starting a lawsuit. Give your overdue customers another option with the USA Debt Collection Agreement.