A third party that owes money can demand the account. If the debtor fails to repay the debt on time, the creditor can transfer the debt to a third party, and the third party becomes a new creditor and has the right to require the debtor to perform its repayment obligations. The text of the IOU should include the following: title, borrower and borrower, loan amount, loan term, interest rate and interest, repayment method, liability for breach of contract, signature and date

1. Title: Use the larger word in the middle above the text The word "IOU" is written in the font.

2. Both parties to the loan: Write the names, ID numbers and other personal information of the borrower and lender in the text.

3. Loan amount: State the loan amount, including uppercase and lowercase numbers, to avoid disputes.

4. Loan term: State the start and end dates of the loan, that is, the time when the loan starts and ends.

5. Interest rate and interest: If interest is required for borrowing, the calculation method of interest rate and interest should be made clear.

6. Repayment method: Agree on the repayment method, such as installment repayment, one-time repayment, etc.

7. Liability for breach of contract: Agree on liability for breach of contract, such as overdue liquidated damages, etc.

8. Signature and date: Below the text of the IOU, both parties to the loan should sign their names and indicate the date of signing.