Fill and Sign the Debt Contract Template Form

Debt Agreement Agreement made on the       day of       , 20       , between       of       , (Name of Debtor) (Street Address, City, County, State, Zip Code) referred to herein as Debtor, and       , of       , (Name of Lender) (Street Address)       , referred to herein as Lender. (City, County, State, Zip Code) Whereas, the Lender loaned to Borrower the sum of $       on the       ; and (Date) Whereas, Lender and Borrower agree that the Loan is a debt owed by the Borrower and will be paid to the Lender; Now, therefore, for and in consideration of the said Loan, the mutual covenants contained in this Agreement, and other good and valuable consideration, the parties agree as follows: 1. Interest shall accumulate on the unpaid balance of the loan at a rate of       % APR and compounded monthly. All interest that accumulates will be added to the balance of the unpaid loan. 2. The Borrower will make payments to the Lender on the       day of each month and individual payments may not be anything less than $       3. If a payment is past due, a penalty of $       will be added to the unpaid balance of the loan. 4. If a check written by Borrower “bounces” a charge of $       shall be added to the unpaid balance of the loan, and all future payments will only be accepted in guaranteed funds such as cash, money order, or certified check. 5. The full balance shall be paid by no later than       . If the entire balance due is (Date) not paid by       , or if Borrower does not make a payment for more than thirty days after (Date) it is due, then the Lender shall be granted the ability to demand the entire balance due and may take any legal actions that are necessary to collect the above mentioned Loan. 6. If there are any additional costs of collecting the said loan they shall be added to the balance of the amount owed by the Borrower. If the debt goes to collection the interest rate shall increase to       % APR and compounded monthly, in addition a penalty of $       will also be added to the balance due. 7. Applicable Law. This contract shall be governed by the laws of the State of       , and any applicable Federal Law. (Name of State) Witness my signature this the       day of       , 20       . Debt Agreement Page 1 of 2 (Signature of Debtor/Borrower)       (Printed Name of Debtor/Borrower) Debt Agreement Page 2 of 2