Settlement agreement
Everest Business Funding — 90% saved
Daily debits had stopped clearing and the account was in default. The position was documented, a hardship package assembled, and the balance resolved for a single-digit percentage of the stated payoff.
The numbers
$30,975.75
Original debt
$3,097.58
Amount paid
90%
Savings
- Industry
- Trucking & logistics
- State
- NJ
- Term
- 6 months
How the agreement was structured
- Full written release naming the funder and the guarantor
- Daily ACH debits halted while terms were negotiated
- Six scheduled payments, no reinstatement-on-default clause
Document shown is a redacted sample for illustration. Funder names, figures, and client details are withheld or representative. Results vary by creditor, documentation, and circumstances; no outcome is guaranteed.
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