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Promissory note
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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...
Co signed a loan application but not the Promissory Note
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Back in 2000 I filled out A LOAN application as a co-signer for a friend, when I found out the amount of the loan and the interest rate I changed my mind and decided not to sign the Promissory Note. I just found out that my friend has signed my name as the co signer on the Promissory Note. The last...
Promissory Note
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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...
Promissory Note
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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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