Question : How to prove paid personal loan on paper?
Hello. I took out a personal loan with a friend and will be repaying it in full. How do I have prove that i paid it for the courts? A promisory note seems to be only for the issue of a loan, not the actual repayment is done.
- asked by Mark Edge
All Answers:
Answer #1
Receipt?
- answered by ツ Chess for Olympic Sport
Answer #2
Whenever you pay back an installment, ask for awritten receipt. That way you can prove later onthat you have paid back the sum in part of infull.
- answered by George M
Answer #3
Just as you wrote a contract for the loan, you canalso write a paper for the satisfaction of theloan or record payments as the case may be. Ifyou are paying in full, just write something likethis:On (state date) the loan made on (state dateloan was given) between (state his name) and(state your name) was paid back in full in theamount of (state amount paid)Have both of you signit and to be sure, have a witness also includetheir name on this same paper.You should be fineand this will be satisfactory for any court if bychance you are sued for this amount.
- answered by Grandview Investigations
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