How to prove paid personal loan on paper?
Question by Mark Edge: How to prove paid personal loan on paper?
Hello. I took out a personal loan with a friend and will be repaying it in full. How do I have prove that i paid it for the courts? A promisory note seems to be only for the issue of a loan, not the actual repayment is done.
Best answer:
Answer by Grandview Investigations
Just as you wrote a contract for the loan, you can also write a paper for the satisfaction of the loan or record payments as the case may be. If you are paying in full, just write something like this:
On (state date) the loan made on (state date loan was given) between (state his name) and (state your name) was paid back in full in the amount of (state amount paid)
Have both of you sign it and to be sure, have a witness also include their name on this same paper.
You should be fine and this will be satisfactory for any court if by chance you are sued for this amount.
Know better? Leave your own answer in the comments!
When does a cash advance get paid off (Before or after credit card transactions)?
Question by Dan M: When does a cash advance get paid off (Before or after credit card transactions)?
Cash advances on credit cards usually have higher interest rates. So when you make a cash advance and pay your credit card your minimum payment for instance, does the cash advance get paid off first or do the credit transactions get paid off. Or does the credit card company make it so you pay the cash advances last when you are about to pay off your entire cc balance?
Best answer:
Answer by bdancer222
New laws that recently went into effect. Your minimum payment is applied to the lowest interest rate. Anything over the minimum payment is applied to the highest interest rate.
Before the new law, your whole payment was applied to the lowest interest rate.
Give your answer to this question below!
Categories: Loan Questions Tags: Advance, after, before, Card., cash, Credit, Paid, transactions
Can I take out a school loan from a bank with a co-signer if I haven’t paid off a pay day loan?
Question by GG87: Can I take out a school loan from a bank with a co-signer if I haven’t paid off a pay day loan?
I am preparing to go back to school in the spring and will be applying for a school loan through a bank with a co-signer. I have a delinquent pay day loan that I haven’t paid off yet and has been sent to a collections agency. I need to know if this in any way will hinder my chances of receiving my school loan.
Best answer:
Answer by Shania
Student loans are meant to help students who are unable to bear their educational expenses. Student loans are different in different countries in the way they are devised, but then the common types of student loans available are the undergraduate loans, college student loans, private student loans and federal family educational loans.
Student loan repayments are not made until the student completes his graduation. This facility helps him to concentrate on his studies and earn some little amount of money while he is studying, but repayment has to start once he finishes his education.
Give your answer to this question below!