Personal cash loan agreement

							<div class="KonaBody">
        <!--INFOLINKS_ON-->
        <p>There are numerous reasons why an individual may decide to use
a personal cash loan agreement. This is one of the quickest ways to
obtain a cash loan between two individuals, the individual which is
lending the money and the other individual that is receiving the loan.Â
You will want to have a document stating that this is, in fact, a loan,
and not a gift to another individual. By doing this it will ensure that
you may be able to get your money back if the borrower defaults on this
personal cash loan. If by chance, you end up having to take the borrower
to court. The first thing that any judge or attorney will ask is for a
legal document, or a binding agreement between both parties.<br><br>There
are numerous places online that you can find a personal cash agreement
form, or you can create one yourself by stating the borrower's
information such as their complete name, address, and telephone number.Â
Then you will want to indicate the lender's information as well their
complete name, address, and telephone number. You will need to indicate
the date alone is made. You should indicate the place or location where
the loan was made. You will want to indicate the amount of the loan,
and the final date of when the loan repayment is to be paid in full.Â
The next thing you should have written down is how the loan will be
repaid and the schedule of payments. You will also want to have
something stating that an agreement has been made by both the borrower,
and the lender agrees to the terms as they are described and noted
above. The last thing you will want to have completed on your now legal
document will be the signatures of both the borrower and the lender.Â
The last thing you will want to do is have this document notarized,
because it is a legal binding agreement between both the borrower and the
lender who is completely enforceable if the loan should default. It is
always a good idea to give a copy of the completed form with everyone's
signature on it to the borrower and the lender keeps the original
document until the loan is paid in full.</p>        <!--INFOLINKS_OFF-->
        </div>

http://www.articlesbase.com/loans-articles/personal-cash-loan-agreement-
4897304.html