Use This Form If:

• Individuals who are facing a debt dispute may utilize this form to propose a settlement to their creditor. By offering a lower amount than what is claimed, they can potentially resolve the issue without escalating to litigation.
• Businesses involved in financial disagreements often require this form to formalize a compromise with a client or vendor. This document helps to clarify the terms of the settlement and provides a written record for future reference.
• In situations where a debtor has received a demand for payment but believes the amount is incorrect, this form serves as a means to negotiate a lower settlement. It allows the debtor to present their case while also offering a resolution.
• For those who have already disputed a debt and wish to formalize their offer to settle, this document provides a structured approach. It ensures that both parties understand the terms and conditions of the proposed settlement.
• Creditors looking to resolve outstanding accounts amicably can use this form to accept a settlement offer from a debtor. This helps to maintain a positive relationship while still recovering some of the owed funds.