Ask Experts Questions for FREE Help !
Ask
    jacabarnes's Avatar
    jacabarnes Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 8, 2008, 01:01 PM
    Loan from a friend
    A friend offered to loan me $5000 and I need to find information on how to write a simple contract with all necessary information. What's a good source?
    Thanks
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Nov 10, 2008, 03:11 PM

    Here's a sample:

    Free Installment Promissory Note

    Also here's a tongue-in-cheek example contract, which will require heavy editing, but has a lot of good elements;

    Ready to Ruin a Friendship? We've Got a Loan Contract for You at SmartMoney.com
    henadz's Avatar
    henadz Posts: 1, Reputation: 1
    New Member
     
    #3

    Nov 11, 2009, 01:16 AM
    Hello!
    Tell, please, as you know, that the today's economy is not good. Any way to do money quickly? In do a possible thing, happen. We, 5 friends, money of need as quickly cash loan $180.000.00 in the American dollars, on the security of an apartment or without maintenance without the mortgage and without guarantors. We assure you, that it not swindle. We shall pay to you interests, we shall negotiate to make the agreement through the information-866-971-4850Чтобы to divide the loan to us. It is a guarantee us to demand, quickly to exchange for money, to make it. I look any variants, on your conditions and what are necessary documents? Then please tell to us, that to you the best interest rate as I assure you 100 %-s' success
    Yours faithfully and in advance I thank Ненадz
    Email; [email protected]
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #4

    Nov 12, 2009, 08:36 PM

    That's about as believable as the Nigerian scam.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #5

    Nov 13, 2009, 06:39 AM
    Quote Originally Posted by morgaine300 View Post
    That's about as believable as the Nigerian scam.
    I think you're insulting Nigerian scams -- which despite their poor english are usually understandable, and contain only two or three typos!
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #6

    Nov 14, 2009, 02:41 AM
    Lol!
    genius1982's Avatar
    genius1982 Posts: 2, Reputation: 1
    New Member
     
    #7

    Nov 21, 2009, 09:21 PM
    Since you are such good friends you can just draw a simple contract with details such as repayment amount and payoff date . Then take it to have it notorized then it will be perfectly legal...

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Should I get a 401 K loan or Home Equity loan [ 4 Answers ]

I owe about $ 25,000 on various credit cards with interest ranging from 17 % to 30 %. I am barely able to make the minimum payments. In addition, I owe $14,000 ($ 500 a month) on the car with 7 % and 3 years to go. Because I have bad credit, I was able to get one bank to offer me a Home Equity...

401K Loan vs. Home Equity Loan [ 3 Answers ]

I need $50,000 for a kitchen remodel. I can get a 401K loan 5 yr term 9.25 interest - total payments add up to 62,000 or so with a monthly payment of roughly $1,050. That payment is is tough on my current budget so I was considering a Home Equity Loan with a longer term. I know there are a...

Friend refuse to repay the loan "verbal agreement" [ 13 Answers ]

I loaned a friend for $500 having an verbal agreement that she will return the money in few weeks. I helped her as she had won a lawsuit against her lanlord of $4000. Now after 3months, she is not responding my emails, disconnecting my phones. Scaring me that she will make harrasement charges...


View more questions Search