In this episode of
Money Creation Explained, we are going to cover How to
Create Your Own Bank with Only $250.
When we think of banks, we think of financial institutions
that keep our money safe and also loan money out. Building a
banking relationship is a process that takes many years with
your local bank. Some people prefer big brand banks that
have a larger presence while others like local banks where
they have that small business personal relationship with the
community. Whatever the preference, going to a bank every
time a small loan is needed is not a practical solution, so
other small loans products exist in the marketplace. These
products include credit cards, payday loans, pawn shop
loans, car title loans, and others. They all have short
payback timeframes and high interest APR’s.
An alternative solution would be Secure Loans which is a
service offered by IOU Notes. It allows users to leverage
their own funds to obtain small loans for personal and
business use as needed and never pay more than 5% interest
per year on those funds with 1 or 2 year repayment options.
Using Secure Loans, a user can have a dependable emergency
loan option, help build or rebuild their credit, budget
their money better, and stop paying high interest fees from
other loans. This service was created because of the need
for affordable small loans.
The IOU Platform also offers a Peer-to-Peer service that
provides individuals and businesses with the ability to
provide credit and/or lend money to other individuals and
businesses using an IOU (I Owe You) form of currency. Best
of all, it is not based on a traditional credit score or
report, but rather on your IOU Credit score and report.
With the IOU Notes platform, every person is their own bank.
The platform extends the ability to create and generate new
money into the economy to all people and businesses in every
country (currently available only in US) regardless of their
background, gender, race, religion, political affiliation,
economic status, education, income level, or any other
factor.
Donations of $20
or
more will receive
our
Gift of Appreciation
Crypto
Currency Blockchain Coin
10 Million Max Supply Industry
leaders Bitcoin is
21 Million max supply
and Ethereum is unlimited.
_____________________
Note: IOU
Notes is a for profit company and any funds donated are not
tax deductible. We declare any donations as company revenue
and pay the applicable taxes on it.
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