Have you heard the term promissory note? Do you know what it is? It is a kind of written contract which is signed to show that money has been received and provides the terms for how that money will be paid back. You don’t always need to have one but there are several ways that having one can help both sides- the one who is making payments back and the one who is getting paid back. Besides the agreement to loan and be paid back it can include other things such as a demand for payment and who will pay costs and fees if the money is not paid as agreed.
After you watch this- if you have a loan you are making or getting- and want to know if you should have a promissory note- watch this:
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Excellent thank you so much
Hi mam, your explanation was good .I still have a doubt that if we lost the note ,is there any chance to recover that.
thank you! so informative
You in California
So can an IPN be used to pay for a mortgage ?
Now that's a great information you just provided me right there
It was very helpful , many thanks
You cannot answer this question that I just made for you or you just don't have time to look at your blogs
If that it's so why the bank sells your promissory note once you sign it they cannot provide it back to you when you ask for it for your promissory note
Even the government is in det to their own creation of money lol
She can't back nothing up if the money in our pocket says "This note, is legal tender for all DEBTS, PUBLIC and PRIVATE" LOL
A prommisory note by the laws of the United states is the same value as the dollar.
I want to used a promissory note to buy a property. What I want to know is is the note made out to my account or the seller of the property account at closing of the note.
Jan coldwater
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Research!
Learn what GOVERN ment means.
Study about Etymology…
FRAUD?
SYSTEM trap us in lies all time 24×7 365 days
Why they dont go to PRISON?
BECAUSE people like you
Blind!
What's money?
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Hi do you specialize in legal credit repair?
back it up, Michelle
something just doesn't pass the smell test…jmo
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Very interesting
Given 2 lakhs and want to sue in court.
A promissory note is also a negotiable instrument in banking. Due to the fraudulent ways our monetary system creates money, debt being one of them, a PN can be used AS PAYMENT in of itself if written a certain way.
What if I lend someone money with a promissory note and use their car as collateral and they sell it but they don't pay me back? Do I chase the new owners for the car or what happens there?
Also what if they default on the payment and when I go to get the car, they purposely trashed it and made dents and cracked windows but not totaled?
Thanks you really helped me
Hi thanks for the video, currently I am in transition for the note. How do I make it legitimate which make a legal proof if down the road I default or other party default. Do I need attorney or just sign on agreed terms and notarized it ?
Merci
EARth
thank you very much ! =)