How To Write A Promissory Note

A promissory note is easy to write but there are a couple of items you are going to want to include to protect yourself. Normally a note will include the name of the person who is loaning the money and the name of the person who is borrowing it. It will also include the dollar amount of the loan and the interest rate if any. It is important to include the repayment terms as well. Failure to include repayment terms could result in the borrower taking years to repay the note when your original verbal agreement was for a specified time period. Better to protect yourself and ensure that you will be repaid in a timely manner. For more information look here: Promissory forms by state http://www.ilrg.com/forms/promisry.html...; http://www.promissory-note-form.com/...