IOU
IOU (I OWE YOU)
Date: September 2, 2050
Borrower Details:
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Name: [YOUR NAME]
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Address: 1734 Poplar Street, Chicago, IL 60605
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Contact Information: 222 555 7777| [YOUR EMAIL]
Lender Details:
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Name: John Doe
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Address: 1976 Hillsborough Street, Chicago, IL 60154
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Contact Information: 222 000 6666 john.doe@email.fict
Debt Acknowledgment:
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Total Amount Owed: $2,500.00
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Reason for Debt: Unpaid personal loan for home renovation expenses.
Repayment Terms:
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Repayment Date: The full amount of $2,500.00 will be paid no later than October 15, 2050.
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Payment Method: Bank transfer to John Doe’s account at Springfield National Bank.
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Partial Payments (if applicable): $1,000.00 on September 15, 2050, $1,500.00 on October 15, 2050.
Borrower’s Acknowledgment: I, [YOUR NAME], hereby acknowledge that I owe the amount of $2,500.00 to John Doe. I agree to repay this debt in full by October 15, 2024, according to the terms outlined above.
Signatures:
John Doe
Lender
September 2, 2050
[YOUR NAME]
Borrower
September 2, 2050
Optional Witness:
Samantha Johnson
Witness
September 2, 2050