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Im Erin hall an attorney in Minneapolis Minnesota have you ever had this problem somebody owes you a large amount of money and instead of paying at timely theyre asking you to make payments over a period of time and youre worried that you have a right to all the money now and now theyre asking you for these payment terms what are you getting in return for delaying payment well a great way to address this is to ask for a promissory note with a confession of judgment and thats the key here usually if somebody doesnt pay you money that they owe you then you have to sue them and that will cost typically thousands of dollars you will it will take months if not over a year thats a real problem however if they sign a promissory note and a confession of judgment then assuming its written this way if they dont make the payments on time instead of having to sue them you can simply take that confession of judgment to the courthouse record it and you dont have to sue them youre essentia