The Debtor is obligated to pay the full Current Balance (“Amount Owed”). In consideration of the Debtor’s faith to repay the Current Balance, the Creditor agrees to: (check one) The Debtor’s only obligation to the Creditor is to repay the principal balance. There shall be no interest associated with the Total Amount. The Total Amount shall bear interest at a rate of % compounded: (check one)
At the time of the Effective Date, the Debtor owes the Creditor $ (“Current Balance”) related to: (check one) The Debtor and Creditor agree to the following repayment plan:
This Payment Installment Agreement (“Agreement”) made this (“Effective Date”), is by and between:ĭebtor: with a mailing address of (“Debtor”) and acknowledges that they owe money to:Ĭreditor: with a mailing address of (“Creditor”).
