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I was looking for an easy do-it-myself loan agreement to borrow some money from my mom to pay off some high interest credit cards. In addition to saving me tons of money in interest, it helps her because I'm giving her a better interest rate than she was getting with a savings account. A win-win.
-Thomas from Trumbull, CT
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Personal Lending 101
Learn more about the advantages of personal loan agreements and Promissory Notes. Find out how to avoid the pitfalls of lending or borrowing money from friends or relatives.
