These websites will help you create a relatively simple agreement for free, or you can get help with more complex agreements for a little fee. For personal credit agreements between friends and family, it is important to carefully document the changes and attach them to the original credit agreement. In many cases, loved ones are probably more flexible if you need a break. However, it is important that you tackle these changes professionally and keep all the changes in mind. Once the agreement is approved, the lender should pay the funds to the borrower. The borrower is held in accordance with the signed agreement, with all the penalties or sentences pronounced against him if the funds are not fully repaid. CONSIDERING the loans granted by the lending lender lending certain funds (the “Loan”) to the Borrower and by the Borrower who will repay the Loan to the Lender, both Parties agree to respect, respect and comply with the commitments and conditions set out in this Agreement: a private loan is a sum of money lent by a person that can be used for any purpose. The borrower is responsible for repaying the lender, plus interest. Interest is the cost of a loan and is calculated on an annual basis. A simple credit agreement indicates the amount borrowed, the interest due and what must happen if the money is not repaid. Credit is often agreed informally, i.e. orally, in order to save a friend or relative in temporary financial difficulty as soon as possible. .
