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Facing difficulty in recovering small loan amount?

Facing difficulty in recovering small loan amount?

Facing difficulty in recovering small loan amount?

There are plenty of cases found in every corner of us, where people give money to their trustworthy relative or friend some small amount loan and are unable to recover the same.

This small amount becomes big when it is not returned and spoils the relationship and breaks the trust.

Breach of trust is common thing, however, it can be avoided with small step taken before giving the money to that person.

All you need to do is to make one loan agreement or affidavit or declaration on legal stamp paper, specifying the details of the borrower and Lender along with terms and conditions of repayment of sum taken under the signature of witnesses.

This small step can save you from losing the entire value and keep the other person always aware of terms on which he or she has taken money.

To legalize the process, one should have taken some legal step at the beginning of money exchange, so that it becomes easy to recover that loan by the order of Law.

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