Free Debt Settlement Agreement PDF Template
Create a free debt settlement agreement PDF that clearly lists the settlement amount, payment terms, and release of further collection.
Published November 24, 2025
Once you’ve negotiated a settlement, you need it in writing. This template turns the key terms—amounts, payments, and release language—into a ready-to-sign PDF.
When to use this
- You and a creditor have agreed on a reduced settlement amount.
- You’re finalizing a payment plan and want the terms in writing.
- You need a clear written record to avoid future disputes over a debt.
How to do it (fast)
- Confirm the settlement amount and payment timing with the creditor.
- Enter creditor/debtor info, account number, balances, and whether it’s lump sum or installments.
- Generate the PDF, sign it, and share copies with the other party.
- Keep the signed agreement and any receipts for your records.
Why this helps
- Prevents misunderstandings about how much is owed and when it must be paid.
- Creates a straightforward document you can share with lawyers, mediators, or courts if needed.
- Clarifies release terms so future collection attempts are less likely.
Related tools
Not legal advice. Courts set their own rules. Keep your original records.