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Promissory NOte
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I am holding a Promissory Note from my ex-husband. Under the note he is supposed to make monthly payments to me by the 15th of every month and monthly payments to the dealership on the balance owing on a motorcycle. The loan and motorcycle title are in MY name. He's been late almost every single...
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I live in Fl. And have a balloon promissory note on my mobile home that reached maturity last year. The lender has note contacted me and I keep paying. The interest is very high and on a $30,000 loan I have paid $16,500 with a balance of $29,000 still due. I need to know what I can do to get out of...
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I am holding a promissory note from my ex-husband. Original amount was $38,000.00. About 15,000.00 is still outstanding and 4 months past the date of payment. I am thinking about taking action as he owns property and I cannot stay in contact with him just to collect the money. Is this a...
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Hi all, If a company on 12/31/05 discounts a promissory note of $30,000 at a bank. The note was created on 06/30/05 with a term of one year, and an interest rate of 8%. The bank's discount rate is 12%. How can I record this entry? I'm sort of confused with what rate to use here, thank...
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I lent money to a so-called "friend" of mine where I had him sign a Promissory note. The promissory note explained the terms for re-payment. It also clearly stated the consequences in case of default. I also had a security agreement with his home and the contents being the collateral. I have... View more questions Search
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