Startup Idea : Documenting Informal Loans & sell data

A lot of people lend money to one another, sometimes using some sort of collateral - jewelry, car, property... but they don't draft papers, agreements or legal documents covering the loan. Later on there are problems when the borrower defaults. 1. Create a site which is simple to use - input loan amount, term, interest rate, payment plan, collateral and voila an agreement comes out. 2. The agreement can then be used as is by the borrower/lender. And the company can serve as custodian for the agreement. 3. All this massive data re informal loans can be shared w/ banks and other lenders so that they can better tailor their products to suit the market