Promissory Note Help Guides

What is a security interest?
A security interest is an interest in property—real estate or otherwise—that secures repayment of a debt or performance of some other obligation. If the party that grants the security interest fails to fulfill its obligation, then the holder of the security interest can normally take possession of the asset in question and sell it in order to recoup...
Can a Promissory Note Affect Your Credit?
It is a common practice for a new company to take out a loan in order to acquire the startup funds necessary to build the company and conduct business. Although there are several avenues from which a company can acquire funding, many times......
How to Negotiate With Creditors
Getting into Debt When tough economic conditions occur, one of the first casualties people often suffer is their credit rating. Maintaining a solid credit history can be difficult during downturns in the economy, and when finances are limited,......
Credit Repair Basics
It is not uncommon in today’s up-and-down economy for individuals to find it difficult to maintain a good credit rating. Even something as innocent as being a little late on a credit card payment can send a credit score tumbling downward, so......
3 Options to Avoid Foreclosure
One of the most unfortunate consequences of the recent real estate bubble is the dramatic increase in the foreclosure rate. A large number of foreclosures are a direct result of predatory lending practices, however an equally large number are......
4 Foreclosure and Lender Procedural Requirements
A foreclosure is a serious legal proceeding in which the homeowner is in the process of having their home taken away from them. Because of this, courts generally pay a great deal of attention to foreclosure proceedings and make sure that all......
What Are Bankruptcy Exemptions?
In difficult economic times, it is not uncommon for people to experience financial problems that can lead to serious credit issues. Prior to today's credit-driven society, people used to rely on credit to acquire items that were beyond their......
What to Know Before Buying a Business
Going into business for yourself is a decision that can change your life, so making sure that each step taken along the way is properly planned out is vital to achieving success. While many people envision taking an idea and building a......
How Does Bankruptcy Affect a Promissory Note?
Promissory Notes Are Legally Binding A promissory note or promissory letter is a legally binding document that obligates an individual or organization to pay another individual or organization a certain amount of money in a certain amount of......
Should You Consider a Business Loan?
There are many situations that arise where a business might require an infusion of capital in order to take advantage of a business opportunity or simply just to meet payroll. It is not uncommon for businesses to frequently borrow money and......