01-11-2013, 04:48 PM
Using that preprinted form is good as it looks like you aren't being usurous or one-sided. Just direct that link to your friend and see if he'd be willing to fill it out even with terms that favor him, ie 0% interest, no fees on late payments, etc. If he even balks a little bit, I probably wouldn't loan him anything.
Remember, you can't draw blood from a stone so having a signed agreement doesn't by guarantee you'll get repaid even if you go to court to enforce it.
Remember, you can't draw blood from a stone so having a signed agreement doesn't by guarantee you'll get repaid even if you go to court to enforce it.