User blogs

Note investors expect to receive a return on their investment. However, note holders should always keep the arrangement with their payor and ensure they receive the last payment. The letter of intent should include conditions that protect investors. In this way, note holders are less likely to take an unethical request. You should also ask if the note is secured. If so, you should ask if the note is secured by an insurance policy. Before selling your note, you should first find a note buyer. You can find one online or in the local... more

Promissory notes must be registered with the SEC and state securities regulators. If you are considering purchasing these notes, make sure that the company you choose is registered with these agencies. If you are unsure of the registration status of the company, you can check FINRA BrokerCheck and the Better Business Bureau. There are also penalties attached to late payments. If a borrower is late with payments, the lender will issue a Demand Letter, which informs the borrower of the terms of the promissory note, including penalti... more