Query: Is a Secured or Unsecured Virginia Promissory Note Better?
Context: A secured Virginia promissory note is better when the obliged party does not have a good credit history. It can also be useful if there is a lack of trust that the party will pay since it entitles the lender to an asset. However, an unsecured note can be a good option if there is a good reason to believe the promissory note will be paid.