5628 East Slauson Avenue * Los Angeles, CA 90040 * 800-548-6530 * Fax 323-869-5195 * www.bydesignfinancial.com
Debt Negotiation Services Agreement
By signing, I acknowledge that I have read and understand it, and that I accept all terms.
Documents: To enable ByDesign Financial Solutions, hereinafter referred to as ByDesign, to carry out the services requested by me, I
understand that I need to provide ByDesign financial information including:
• Copies of current statements from all of my creditors to be contacted.
• Copies of all current letters regarding account transfers or purchases by other entities relating to the accounts to be contacted.
• Copies of all letters and other documents dealing with legal actions against me by my creditors.
• Copies of all notification of any “change in status” of any of my accounts.
Services: ByDesign will contact my creditors to attempt to negotiate settlements of my outstanding debt. ByDesign will notify me of
settlement offers received from each creditor. I hereby agree to pay ByDesign a fee, as specified below, for each creditor settlement
received in writing. Once I have accepted, in writing, a settlement offer from a creditor, ByDesign will invoice me for services
rendered. Account balances may increase during the negotiating period. ByDesign estimates that the services to be performed will be
completed within six months from the date of signing. Settlements may result in IRS Form 1099 being issued, which must be reported
as income. Please consult your tax advisor.
I understand that ByDesign cannot: Effect a change to my credit rating, improve my credit score, remove derogatory / negative
information from my credit report, guarantee that any creditor will accept any settlement offer, or prevent any creditor from
commencing a lawsuit against me.
Fee Terms and Conditions: For each creditor that agrees to settle an account for an amount less than the balance owed at the time the
settlement is reached, I agree to pay ByDesign fifteen