This package includes the essential forms needed for making and collecting a personal loan. These forms are an important tool for avoiding future misunderstandings and disputes. Purchase of this package is a savings of more than 50% over purchase of the forms individually!
The following forms are included in this package:
Unsecured Installment Payment Promissory Note for Fixed Rate - This is a Promissory Note for your state. The promissory note is unsecured, with a fixed interest rate, and contains a provision for installment payments.
Secured Promissory Note - This form is a secured Promissory Note. The note includes a provision which describes the collateral to be used as security on the loan. The form also contains a section which details various actions which would constitute default on the note.
Personal Guaranty - General - This form is a Guaranty. The form provides that the guarantor assures the full and prompt payment of all obligations incurred by the payor.
Sample Letter for Past Due Balance - This is a sample notice for use when a debtor is overdue in payments on a promissory note. A time period for making payment before further action is taken, which may be modified to suit your needs, is provided.
Complaint for Past Due Promissory Note - The form is a complaint for a default on payments due pursuant to a promissory note. The complaint adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.
Promissory Note with Installment Payments - This form is a Promissory Note. The form provides that the borrower promises to pay the lender in monthly installments. The agreement also provides that there will not be a pre-payment penalty on the note.
Notice of Default in Payment Due on Promissory Note - This form is a notice of a failure to make a required payment when due pursuant to a promissory note. The form also contains a warning to the breaching party that legal action will be taken unless the breach is remedied on or before a certain date. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.
Resolution of Meeting of Corporation to Make Specific Loan - This form is a resolution of meeting of a board of directors or shareholders to make specific loan. This form may be easily modified for use by other business entities.
Receipt for Payment of Account - This form is a Receipt. The form provides that the undersigned acknowledges the receipt of a certain sum of money which constitutes payment on the account named in the receipt. The receipt also lists the balance remaining on the account, if applicable.
Promissory Note with Confessed Judgment Provisions - This form is a Promissory Note with Confessed Judgment Provisions. The maker of the note promises to repay a loan received from the lender, with interest. The form provides that if the maker defaults upon the loan, the lender may exercise the option of demanding the immediate payment of the entire loan. The debtor agrees to have judgment entered in the lenders favor if court action is brought to enforce collection.
Balloon Unsecured Promissory Note - This form is a model balloon promissory note, with a fixed interest rate. A balloon note is structured such that a large payment is due at the end of the repayment period. Adapt to fit your specific circumstances.
Description: A Personal loan form document with bad credit is an essential paperwork required when applying for a loan with a less-than-ideal credit score. This document serves as an application form that provides detailed information about the borrower's financial background, personal details, and credit history. It is designed to assess the borrower's ability to repay the loan despite their poor credit rating. Keywords: Personal loan, form document, bad credit, application form, financial background, personal details, credit history, repay, loan, credit rating. Different Types of Personal Loan Form Documents with Bad Credit: 1. Traditional Personal Loan Application: This form is commonly used by banks and financial institutions and requires detailed information about the borrower's income, employment history, debts, assets, and personal information. It aims to assess the borrower's overall financial situation and their ability to repay the loan despite bad credit. 2. Online Personal Loan Application: With the rise of online lenders, this type of form has become increasingly popular. It is a digital application form that can be completed online, providing convenience and speed to the loan application process. Online applications often require similar information to traditional forms but may have a more user-friendly interface. 3. Payday Loan Application: Payday loans are short-term loans usually designed for individuals with bad credit. The application form for a payday loan typically requires basic personal information, employment details, and a post-dated check or bank account information. These loans are known for their quick approval process, high-interest rates, and short repayment periods. 4. Peer-to-Peer Loan Application: Peer-to-peer lending platforms allow individuals to borrow money directly from other individuals. The application form for this type of loan usually requires information about the borrower's personal details, employment, income, and purpose for the loan. Peer-to-peer lenders often consider factors beyond credit scores when assessing borrowers, providing potential opportunities for those with bad credit. 5. Secured Personal Loan Application: In this case, borrowers provide collateral such as their house, car, or other valuable assets to secure the loan. The application form typically includes information about the borrower's personal details, employment, income, credit history, and details about the collateral. Since the loan is secured, lenders may be more willing to lend to individuals with bad credit, but failure to repay could result in the loss of the collateral. In conclusion, a Personal loan form document with bad credit is a vital tool for individuals seeking loans despite having a poor credit history. Various types of loan application forms cater to different borrower needs and requirements. Understanding these options enables individuals to select the appropriate loan form that aligns with their financial situation and increases their chances of obtaining financial assistance.
