# Confession of Judgment Agreement
**This Confession of Judgment Agreement (“Agreement”) is made and entered into as of [Date] by and between:**
**[Creditor's Name]**
Address: [Creditor's Address]
Email: [Creditor's Email]
Phone: [Creditor's Phone Number]
(Hereinafter referred to as the “Creditor”)
AND
**[Debtor's Name]**
Address: [Debtor's Address]
Email: [Debtor's Email]
Phone: [Debtor's Phone Number]
(Hereinafter referred to as the “Debtor”)
**RECITALS**
WHEREAS, the Debtor acknowledges that they are indebted to the Creditor in the amount of [Amount in Words] ($[Amount in Numbers]), pursuant to a certain loan agreement dated [Loan Agreement Date] (the “Debt”).
WHEREAS, the Debtor voluntarily acknowledges their obligation to repay the Debt and agrees to the entry of judgment to the extent provided herein.
**NOW, THEREFORE, for and in consideration of the foregoing recitals and the mutual agreements set forth below, the parties agree as follows:**
### 1. Confession of Judgment
The Debtor does hereby confess judgment against themselves in favor of the Creditor in the amount of $[Amount in Numbers], plus any accrued interest, reasonable attorney’s fees, and court costs as allowed by law.
### 2. Terms of Payment
The Debtor agrees to pay the Debt in full according to the following payment schedule:
- **Payment Amount:** $[Payment Amount]
- **Payment Due Date:** [Payment Due Date]
- **Payment Method:** [Payment Method]
### 3. Default
In the event that the Debtor fails to make any payment as specified in Section 2 above, the Creditor may, without notice, enter judgment against the Debtor in the amount stated in Section 1.
### 4. Waiver of Notice
The Debtor waives any right to notice or hearing prior to the entry of judgment as provided herein.
### 5. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
### 6. Severability
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
### 7. Entire Agreement
This Agreement contains the entire agreement between the parties hereto and supersedes all prior negotiations, representations, or agreements, either verbal or written.
### 8. Amendment
No amendment or modification of this Agreement shall be valid unless in writing and signed by both parties.
### IN WITNESS WHEREOF, the parties have executed this Confession of Judgment Agreement as of the date first above written.
**Creditor:**
Signature: ________________________
Name: [Creditor's Name]
Date: ____________________________
**Debtor:**
Signature: ________________________
Name: [Debtor's Name]
Date: ____________________________
---
**Witness:**
Signature: ________________________
Name: [Witness Name]
Date: ____________________________
*Please note that it is advisable to seek legal counsel before entering into any legal agreement.*