Debt Settlement Notaries

Debt Settlement is another re-working of a loan’s terms that needs a notary for the final agreement.

With debt settlement, the debtor pays one large lump sum fee to pay off a loan. This is often compensated by a reduction or removal of debt owed.

Debt settlement is an agreement between a lender and a borrower for a large, one-time payment toward an existing balance in return for the forgiveness of the remaining debt. Someone who owes $10,000 on a single credit card, for example, may approach the credit card company and offer to pay $5,000. In return for this one-time payment, the credit card company agrees to forgive or erase the remaining $5,000 still owed.

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Debt settlement is typically used for unsecured debt. It is between a single lender and borrower.

When a proper agreement is reached, it is important to have a notary solution that has the expertise and experience to ensure the agreement is signed to the highest standards.

The most professional and experienced notaries work with Sunshine Signing Connection. Tens of thousands of them nationwide, even in rural areas. For such an important agreement, you need someone with the experience that Sunshine can provide.

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