Details in a count, for example. B the amount, when and to whom you make a payment. Think about your budget so you can`t overdo it for your accounts. If you`re negotiating structured billing, give yourself enough time to make each payment. Be prepared to give up bad offers or offers that you can`t afford. You need to explain your hardness, like for example. B poor health, loss of employment or reduction of working hours or imminent divorce. The original creditors will give a break to people who can justify that it is in a financial hole. They are less likely to negotiate a deal if you don`t have an explanation that you haven`t paid the debt. This comparison contains many conditions and clauses that are contained in ordinary agreements and that can be easily adapted for your own use in such circumstances. Both parties are required to abide by the rules and regulations of the agreement, which benefits the parties, their successors and assigns. This contract is valid until the date and is considered null and void if the debtor is unable to make the payment by the due date and if the status of the account is due immediately. (name of creditor/collection office) and (name of debtor), both parties agree that the outstanding debt is $_________ .