How do I write an “I owe you” letter?

John C: How do I write an “I owe you” letter?
is there any standard template or things to include if I want to write an IOU letter? any reference for me to refer to?
Thanks

Answers and Views:

Answer by ChEeRlEaDeR
DEAR _______,

I OWE YOU ___________.

LOVE,
__________

Answer by carol
to write the letter…just put…”I OWE YOU” and the persons name…each of you sign it…and be sure to put when u r going to pay it and how…..and the amount….u owe that person…watch daytime courts…judge alex is good….

Answer by botygy
If you want an enforceable “note”, it needs to be dated, to include an unconditional promise to pay to a payee or to his order, a sum certain in money on or before a given date with interest at a stated rate, and be signed by you.

Answer by Fred S
There is a simple form you can purchase AND IT’S ALL DONE IN A PROPER WAY SO THAT IT IS LEGALLY ENFORCEABLE. on-line, very inexpensive. You get to select the one you want, then print it. I did that one time for a friend. Google “Financial notes” You will have several choices.

Answer by Ace
“I promise to pay the bearer on demand the sum of XXXX dollars”(or pounds, whatever) then sign it

Answer by nuggeteli
i don’t think there’s any standard or template for it.

if you want it to look professional, you can make it like so:

I ……………………….(your name), hereby declare that i owe …………………..( the other persons name) the amount of ……………….(the Price), borrowed on …………………(the date).to be paid in full by ………………………(the end date).

full name………………….. Signature……………..
lenders name………………… Signature……………..

witnessed by:…………………… Signature……………

Answer by emmasnw
Here are a selection of sample business letters (ie. letter templates) that cover a variety of issues – https://www.small-business-software.net/samples.htm

Goodluck