When it comes to negotiating a settlement agreement, there are a few key points to keep in mind to ensure that your rights are safeguarded. The creditor must reduce the total amount of the debt, provide you with a monthly payment that is manageable in the long run, and waive interest, fees, and court costs. It is also essential to include the mutual assets of all parties in the agreement. This means that there should be no pending disputes or counterclaims on the proposed agreement.
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