What do you have to do give finance

Question

if i wanted to sell someone something and they wanted it on finance what do i have to do to make it law abiding??????????? and make sure i get my money

Answer 1

You are aware that people default on loans even if they sign contracts, when someone doesn't have enough money then what can they pay you with.

That being said you can reduce your risk by having them take out a loan at a bank and then giving you the money directly, that way the risk is all on the bank on not on you. (The bank is not going to be asking your for thier money back.)

The only true way to get your money is to get it all upfront without any financing at all.  Cash is King.

If you're "loaning" them the money and they are paying you back realize that you are at risk for all your losses (much like a bank is when people default on loans).

Answer 2

2 different questions.

A simple contract that they sign makes it legal.

Making sure you get your money will work if you hold collateral of their's that is yours if they default.  Put it in the contract.