Installment Note with Confession of Judgment | USA
USA lenders, secure repayment of a loan with this Installment Promissory Note and Confession of Judgment form, which allows the borrower to repay the debt in regular installments.
- In the event that the borrower defaults in payment, the borrower authorizes any attorney or official of the court to enter judgment by confession against the borrower.
- The Note contains an acceleration clause, so that if the borrower defaults in a payment under the Note, the entire balance together with interest becomes immediately due and payable.
- This installment note makes it easier for the borrower to repay the debt by breaking it up into equal payments.
- Available in MS Word format. Download the form immediately after purchasing it.
- Intended to be used only within the United States.
Promissory Note with Guarantee | USA
Overview
If you are considering loaning money to either an individual or a company, it is important to protect your financial interest. This USA Promissory Note and Guarantee provides a formal method to secure your loan, ensuring that both the repayment terms and additional guarantees are clearly outlined.
Repayment Terms
Under the terms of this Note, the borrower commits to repaying the secured amount through monthly payments. It is important to note that these payments may not necessarily be equal in amount each month, allowing for potential flexibility in the repayment structure.
Guarantee of Payment
To further secure the lender's position, the Note includes a guarantee of payment. If the borrower fails to make the required payments when they become due, a guarantor will step in to fulfil the payment obligations. The guarantor agrees to ensure that the creditor receives a monthly instalment payment, which is calculated as a specified percentage of the guarantor's net revenue.
Additional Information
- This document is available in Microsoft Word format for ease of use and editing.
- It is intended solely for use within the United States.