Notarized Letter Personal Loan. A notarized letter is a document that is issued by a notary to confirm the authenticity of the signature in your letter. When you loan money to someone, it is important to create a legal document that lays out how the loaned money will be repaid.
It is not unusual to be asked to verify your income when inquiring about a line of credit, a loan, a lease, or a rental agreement. Payee agrees to repay promisor with a personal check for $100 on the first of each month for 10 months beginning with january 1, 20__. A notarized letter, therefore, is one authenticated through the signature of a person, done on his own free will at a given place and date.
Personal loans do not normally require a collateral.
Then if you do go to small claims court, you will have the letter detailing the loan and also copies of the 3 checks paid (front/back) plus your text messages acknowledging the loan. The longer the repayment period, the lower your monthly payments would be, but the higher your interest payment also. These layouts offer outstanding examples of the best ways to structure such a letter, and include example web content to act. How to write a letter for proof of income.