Promissory Note Debt Satisfaction

Summary

Assigning or endorsing a promissory note to a lender generally does not satisfy the debt. Debts are usually settled through regular or lump sum payments. Consider exploring refinancing or debt settlement options for managing your debt effectively.

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No I wanna know if assigning my rights titles and intrest in the note to the lender can satisfy the debt
In Illinois, assigning your rights, title, and interest in the promissory note to the lender does not typically satisfy the debt. The lender expects repayment according to the terms of the note.
- Debts are usually satisfied by making scheduled payments or a lump sum payment.
- You may also explore refinancing or debt settlement options.
Would you like more information on refinancing or debt settlement?
Oops I mean endorse it and assign my rights titles and intrest to the lender to satisfy the dent
Endorsing and assigning your rights, title, and interest in the promissory note to the lender is generally not a method to satisfy the debt. Here’s what you need to know:
- Endorsement: This typically means transferring the note to another party, not satisfying the debt.
- Debt Satisfaction: Usually achieved through regular or lump sum payments.
Do you need information on other methods to settle your debt?