workinninetofive Posted November 12, 2004 Report Share Posted November 12, 2004 I sent this, no answer... are they waiting for the 15th so they can try to fork me for the full amount? First Premier, referred to as CREDITOR and ME, referred to as DEBTOR, agree to compromise the indebtedness as between them. CREDITOR, hereby agrees to compromise the indebtedness due the CREDITOR on the following terms and conditions: The CREDITOR and the DEBTOR agree that the present debt due is $1436.18 (one thousand four hundred thirty six & 18/100 dollars). The parties agree that the CREDITOR shall accept the sum of $1000.00 (one thousand & no/100 dollars) as full payment on the debt. The acceptance of the payment will serve as a complete discharge of all monies due. The payment shall be made in cash. In addition, upon accepting of the $1000, the CREDITOR will notify all Credit Reporting Agencies that account is PAID AS AGREED, and delete any entries showing this account as ever being late.This compromise is expressly conditioned upon the payment being received by November 15, 2004. If the DEBTOR fails to pay the compromised amount by November 15, 2004, the original amount owed by the DEBTOR will be reinstated in full, and immediately due. This Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns. Dated: _______________Signature: ____________ME Link to comment Share on other sites More sharing options...
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