http://creditmanagementassociation.org/forums/topic/24 Sponsored by Credit Management Association en-US Tue, 07 Feb 2012 11:08:21 +0000 http://bbpress.org/?v=1.0.2 q http://creditmanagementassociation.org/forums/search.php http://creditmanagementassociation.org/forums/topic/24#post-358 Sat, 30 Jan 2010 00:54:07 +0000 Michael Dennis 358@http://creditmanagementassociation.org/forums/ <p>Here is a link to a Promissory Note template:</p> <p><a href="http://www.usattorneylegalservices.com/promissory-note.html" rel="nofollow">http://www.usattorneylegalservices.com/promissory-note.html</a></p> <p>Good luck.</p> <p>Michael Dennis </p> http://creditmanagementassociation.org/forums/topic/24#post-116 Fri, 24 Jul 2009 15:44:02 +0000 Shane Norman 116@http://creditmanagementassociation.org/forums/ <p>Prom notes are a great tool for adding security regardless of how or if the prom note pays. If you can get a personal guaranty or two where you didn't have one prior--you will be miles ahead. Also, the balance is summed up and any and all disputes regarding the various summary balance of the invoices are negated. Additionally, you may want to consider adding in language regarding a consent for judgement and blanket asset UCC language. Though not all of my prom notes payoff without trouble (most of them do), we fare better in the legal or collections side with those added securities for the ones that don't. Shane @ Cashman </p> http://creditmanagementassociation.org/forums/topic/24#post-102 Thu, 16 Jul 2009 23:31:12 +0000 Christine 102@http://creditmanagementassociation.org/forums/ <p>Out of 14 offers to either do a Note or Settlement, I had 4 fail to respond at all, 3 Settled, and 7 took Notes. Of those 7 notes, 2 have already paid off the Note, 4 are paying very well, and only one has defaulted.</p> <p>Also, 2 of those who failed to respond originally, have recently responded to the collection agency with payments.</p> <p>All in all, it could be worse. </p> http://creditmanagementassociation.org/forums/topic/24#post-97 Thu, 16 Jul 2009 20:41:23 +0000 F Scott Wilson 97@http://creditmanagementassociation.org/forums/ <p>Have you had much success with promissory notes? Our recent track record, with the current economy, is fairly weak. Out of ten notes, only one is performing anywhere near their commitment (paying half their obligation every month), and another is paying a few thousand a month, barely enough to cover interest. All of the rest have either defaulted or closed their doors.</p> <p>Needless to say, we're not accepting any more promissory notes at this time. </p> http://creditmanagementassociation.org/forums/topic/24#post-91 Mon, 13 Jul 2009 18:12:50 +0000 Christa Rohde 91@http://creditmanagementassociation.org/forums/ <p>I have a couple different promissory note versions. </p> <p>Is there a way to upload or attach a file through this site? </p> http://creditmanagementassociation.org/forums/topic/24#post-88 Fri, 10 Jul 2009 17:30:58 +0000 Jodi Owens 88@http://creditmanagementassociation.org/forums/ <p>Does anyone have a copy of a promissory note that they could share with me for a member? </p>