This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
A contract can be formed orally. If both parties intend to be bound, there's certainty as to what the obligations on both ends are, and they both agree, a contract is formed, even if it isn't in writing. But some contracts have to be in writing, like a contract for real property or a mortgage.
Often, smaller, less valuable transactions, or short-term services, may not require a written agreement at all. Depending on your comfort level, however, a written agreement can make sure both buyer and seller are on the same page.
Settling debt can have both a negative and a positive effect on your credit scores. You're most likely to see a drop in points up-front, but over time you can regain everything you lost and more. Regardless of the setback, you can always work to experience the benefits of better credit.