Payment Receipt

A Payment Receipt is a written document that serves as proof that a payment has been made and received in connection with a debt settlement agreement. The receipt typically includes details about the payment, such as the amount paid, the date of payment, the method of payment (such as check, money order, or electronic transfer), and any reference or confirmation numbers. The receipt may also include information about the debt, such as the account number, the original balance, and the remaining balance after the payment. The purpose of a Payment Receipt is to provide a clear and verifiable record of the payment, to ensure that the payment is properly credited to the debtor’s account, and to protect the debtor from any disputes or errors related to the payment. The receipt should be provided by the creditor or debt collector in a timely manner after the payment is received, and should be maintained by the debtor as proof of the payment and the fulfillment of the settlement agreement.