A loan agreement is a contract between a borrower and a lender that spells out the terms of the payment of a loan and the rights and obligations of...

In addition to the rights and obligations of the lender and the borrower, a loan agreement should include the principle loan amount, payment terms,...

A loan agreement helps protect the lender or borrower in the event of a breach or default. A signed loan agreement is valid proof of the agreement...

You should always use a loan agreement when lending or borrowing money, even if you lending to friends or family. You want to be sure that you’ll b...

A loan agreement and a promissory note are legal documents individuals use when borrowing money from another party. However, promissory notes tend...

You can cancel this agreement in certain instances. Refer to the original document for termination conditions. You may also be able to cancel the l...

Yes. Consider writing this agreement when borrowing money from or lending to a family member. This agreement can help keep matters objective if you...

Consolidating your loans involves obtaining one sizable loan to pay off all your loans. This way, you only have to make one payment each month. Con...