Legal Question in Credit and Debt Law in Michigan
personal loan
I would like to set up a personal loan with myself and another individual. Is there a way to do this in case there are any problems in the future in terms of collecting. Is there some sort of document that could be valid in a court dispute?
Asked on 11/10/03, 7:33 pm
1 Answer from Attorneys
Gregory J. Roth
Gregory J. Roth, PLLC
Re: personal loan
You may wish to consider using a promissory note. Forms are often available, if you do not intend to have an attorney draft a document. Should you require assistance, please contact me via www.lawgreg.com
Answered on 11/10/03, 10:42 pm