Two Name Paper- Federal Reserve Notes

[marcel]

My friend and I borrowed money from a family member to finance a car. We drew up a Promissory Note detailing the payback terms; amount, due date, interest, penalty and so forth. It has two signatures... the 2 borrowers.

There are two clear benefits. One, we borrowed lawful money of the U.S... not Federal Reserve notes. Two, we got a better interest rate than the bank.

[David Merrill]

My friend and I borrowed money from a family member to finance a car. We drew up a Promissory Note detailing the payback terms; amount, due date, interest, penalty and so forth. It has two signatures... the 2 borrowers.

There are two clear benefits. One, we borrowed lawful money of the U.S... not Federal Reserve notes. Two, we got a better interest rate than the bank.

KUDOS, Marcel!

I hope the best for your family, and that it is a reliable car. Thank you for posting here.