In this episode of
Money Creation Explained we are going to cover How To Ask or
Offer Family and Friends Loans using IOU Notes.
If you have ever loaned out or received money from Family
and Friends then you know that it can often turn into an
unpleasant situation. Everyone wants to help each other out
when in a bind, but getting the money back is a headache.
Family and friends take advantage of the situation and
repayment is an issue for a lot of people. Relationships
have been ruined over lending money to each other.
There is no enforcement or repercussions to get that money
back unless you are willing to take legal action against a
family member or friend. There is now a solution to this
problem. IOU Notes takes the concept of the informal pay
later and borrowing method of IOU's and turns it into a
formal method that is safe, easy, and powerful form of
currency that is available to everyone through our patent
pending platform. With IOU Notes you can securely and easily
setup and track transactions, establish repayment terms of
choice (1 - 24 months) and (0% - 5% interest) and other
related functions in one convenient platform.
IOU Notes is a peer-to-peer credit and loan platform.
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Crypto
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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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