Loan Documents: Document Your Loan With Friends and Family Part 2
Documenting loans with friends and family that you pay back can be positive information reported to a credit bureau. Although it doesn’t hold as much weight as a well known institution, it can help give a good image of the person they are lending money to. On your credit rating, they can see such information as Child Support Payments missed, bills paid late, taxes owing, and various other information. Some of this information can be negative, but doesn’t affect your rating as much as it could be a decision point. Borrowing money from friends and family, drafting loan documents, registering the debt as paid in full when it is paid, all adds to positive information on your credit rating.
If you need to document your loans with friends and family, I suggest purchasing a loan document from www.kasu.ca also known as www.documentyourloan.com. Make sure you get all of your loans with friends and family documented. You can buy a loan document for as little as $59.99, versus paying a lawyer $100 for a simple document. Get those loans in writing now!
Loan Documents: Document Your Loan With Friends and Family Part 1
You may be at a point in your life where you are learning how to manage debt in your life. You may have creditors, debtors, and friends and family who have leant you money over the past months or even years. Most of the loans with friends and family are not secured and not even documented. The Loan Document is a very important tool to helping you, almost as important as the money that was originally leant to you.
Believe it or not, but documenting your loans could save you from Bankruptcy and financial peril. Why is this? In Canada, the Bankruptcy process is initially put into a dispute process of which your creditors can vote to put you into Bankruptcy or vote on a negotiated settlement. In order to be heard in these settings, you need to have a documented loan. Thus, the loans between your friends and family if documented, can apply to the situation. The majority of your debtors decide and negotiate the settlement agreement.
By documenting loans with your friends and family, you can accrue a group of positive debtors that can vote against bankruptcy and in favour of your settlement. Sometimes this can be done for pennies on the dollar. Thus, documenting a loan could save you if you are in a personally tough spot financially and face the possible decision of bankruptcy.
If you need to document your loans with friends and family, I suggest purchasing a loan document from www.kasu.ca also known as www.documentyourloan.com. Make sure you get all of your loans with friends and family documented. You can buy a loan document for as little as $59.99, versus paying a lawyer $100 for a simple document. Get those loans in writing now!
STUDENT LOANS
Good education is not cheap and getting a loan for your education isn’t always the easiest thing to do.
Everything costs money when you are a student – tuition, books and living expenses – and it can all add up quickly. You may be young with little or no credit history and dealing with traditional lending institutions can be a challenge when you have no history. It is your loved ones who may be able to provide you with the resources you need to get through this important phase in your life and accomplish your educational goals.
Start your education on the right foot – find a friend or family member who is willing to lend you the money and let us help you establish a professional relationship with your lender from the beginning. Using Kasu to generate a loan agreement and payment schedule illustrates to the person that you have borrowed money from that you are treating this in a mature and profession manner. It’s simple and smart.
As a lender, investing in your loved one’s future could be one of the greatest gifts you can give them. Show them the easiest and best way to borrow money from a loved one – a private loan, documented with a payment schedule is the only way to go. Not only will you be helping them as they embark on their adult life, but you will be teaching them fiscal responsibility (which is a great education in itself!).
Start your real world education with Kasu and draft your loan today!
Click Here For Student Loan Documents: http://www.kasu.ca/payment/student
Click Here to www.DocumentYourLoan.com
Business Loans
Who believes in you the most?
Your friends and family do, hands down. That’s why we often turn to them first when starting up a new business or trying to expand an existing one.
Starting a business from the ground up is an incredibly exciting and often tremendously onerous task (trust us, we know!). Asking for a loan to fund your start up costs from someone close to you can be nerve racking, so let Kasu make the rest of the process as easy as boiling water. You set out the loan amount, terms of the loan, interest payments, flexibility and late penalty fees (if any) and we take care of the rest.
Allow us to guide you through the process and if any questions ever arise or you require assistance in any way, we are here for you….24/7.
Click Here For Business Loan Documents: http://www.kasu.ca/payment/business
Click Here to www.DocumentYourLoan.com
You have already done the hard part by asking someone you know for that loan. Let’s do the easy part together – documenting that loan and in turn protecting the relationship between you and your friend or family member.
Kasu is here to make the process as easy as possible: draft a loan, set up a payment schedule and decide whether you are paying or receiving interest. The best part is that it is all done online!
The process of going through a traditional lending institution can often be onerous – customers can face high interest rates, impersonal service and no flexibility. This is why we have created a service to manage personal loans between friends and family where YOU determine the interest rates, YOU decide on the flexibility and the best part is that you get the most personal service by entering into a loan agreement with someone you care about and who cares about you.
Our goal is the same as yours – making sure that at the end you not only obtained the money that you needed when you needed it, but you set realistic terms that allow you to pay the loan off AND your relationship remains intact.
For Personal Loan Documents click here: http://www.kasu.ca/payment/personal
Click Here To www.DocumentYourLoan.com
Are you preparing a loan agreement between you and a family member, friend or business partner? The number 1 source of funds is friends and family, leverage your friends and family utilizing the Kasu.ca platform that helps you document your loan.
When considering a loan, there are many variables you should consider.
The following are important phrases to know:
Who is the Borrower in the document, which is the person or business that is receiving the funds from the source or “lender”. The nature of the agreement is clearly that the Borrower will pay back the loan to the Lender, the principal amount plus interest. In the event that you use a service like Kasu.ca, the documents are based on Canadian Law. Often parties select jurisdiction based on where the Lender resides. The benefit of using a document creator is the calculator for amortization of the loan. Generally you enter the principal amount, the original amount loaned at the date the funds where received, the desired interest rate, term, and voila, the calculator builds the payment schedule. After entering the details, a payment grid is inserted directly into the document.
In addition, Kasu.ca also incorporates a Notary page. In general, there is no requirement for a witness or notary to witness the signing of a loan document, however, this depends on jurisdiction. Even if it is not required, it is often just good practice to have a Notary or Witness verify the agreement, especially if it is a loan you feel may need enforcement for repayment.
Kasu, a friends and family platform that helps you document your loan!
Go To www.kasu.ca or www.DocumentYourLoan.com
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