SOS CREDIT

Setting up a personal loan is much easier than bank loans. Indeed, all it takes is a written document between the two parties for the transaction to be completed quickly. This is an acknowledgment of debt, which ensures the lender will be repaid.

When lending to someone, whether they are a relative or not, it is advisable to write down the agreement between the parties regarding the method of debt repayment. This can facilitate debt recovery. There are two ways to do this: either by establishing an acknowledgment of debt or a notarial deed for mortgage loans between individuals.