We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Draft, outline loan agreement??
theartfullodger
Posts: 15,740 Forumite
in Loans
I know, I know, never lend to friends or family!!! I accept fully I may be making a daft decision but....
I'm planning on loaning a friend some money (£950 since you ask). I'd prefer to get this documented clearly so we both know where we are and understand what we are doing - and so I can take legal action later if need be..
Anyone know where I might find a (hopefully free) draft document?? For what it's worth Scottish Law would govern the matter..
Yours aye
Lodger
I'm planning on loaning a friend some money (£950 since you ask). I'd prefer to get this documented clearly so we both know where we are and understand what we are doing - and so I can take legal action later if need be..
Anyone know where I might find a (hopefully free) draft document?? For what it's worth Scottish Law would govern the matter..
Yours aye
Lodger
0
Comments
-
why not simply write down what the agreement is?
how will legal jargon help?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards