How do I secure money I am loaning to someone in case they default?

Full question:

I want to get a promise to pay me $2,000 with a condition should that person default in payment. It is an unsecured $2,000. Plus, I need to know what I do, like file a lien, should a default occur. Which promissory note should I get?

Answer:

Please see the information and forms at the following links:

http://www.uslegalforms.com/us/US-NOTE88.htm
http://www.uslegalforms.com/nc/NC-NOTESEC2.htm
http://www.uslegalforms.com/nc/NC-NOTESEC.htm
http://www.uslegalforms.com/nc/NC-NOTE-2.htm
http://www.uslegalforms.com/us/US-00598.htm
http://www.uslegalforms.com/us/US-00599.htm
http://definitions.uslegal.com/s/security-interest/
http://definitions.uslegal.com/c/confession-of-judgment/

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A written promise to pay money to another person is called a promissory note. This document outlines the borrower's commitment to repay a specified amount, often including terms like interest rates and payment schedules.