If you are in debt and seeking to put things right, the issue of an official promissory note to your creditors can help in demonstrating your willingness to pay and may, in some circumstances, avert further more punitive legal action. This pack contains the template for a basic professional promissory note, and for a more advanced version that incorporates the payment of interest on outstanding debt within the settlement.
Using this service you will be taken through a series of questions online and from the information you provide your document will be created for you on screen. You can then save and/or print the document.
Use this document to generate a promissory note, which is a written promise that you – the ‘maker’ - will pay a fixed sum of money to the payee either on demand or on the date specified in the note. The maker can be a limited company, partnership or individual, and the payee may be either a named person or the bearer of the note on the date it becomes payable. Note that no provision is made for interest on the loan.
Use this document to generate a promissory note, which is a written promise that you – the ‘maker’ - will pay a fixed sum of money by way of instalments on specified dates. The maker can be a limited company, partnership or individual, and the payee may be either a named person or the bearer of the note on the date it becomes payable. The note allows for interest to be paid on the loan.