In this episode of
Money Creation Explained, we are going to cover How to Stop
Paying High Interest Credit and Loan Payments with IOU
Notes.
Financial Institutions (Banks, Credit Unions, Lenders) and
Larger Companies who have the resources, provide loans to
others and decide the terms. Credit Cards have high interest
rates up to 29% APR (Annual Percentage Rate) plus late and
other fees. Payday loan APRs can total 400% or more when all
the fees and interest are factored in.
Financial security is very important. It enables people to
have more options at their disposal. This facilitates free
thinking and democracy in counties all over the world.
Healthy debt is okay but excessive debt is caused by
compounded interest that is targeted to billions of people
around the world, to just make minimum payments. This mostly
pays the interest and not the principal borrowed. When the
average person is constantly in debt, they are constantly
dependent on others and their freedom is turned over to
others to make decisions for them, whether or not they
realize it. Stress due to financial problems can destroy a
person’s relationship as well as their physical health and
wellbeing.
IOU Notes is a peer-to-peer credit and loan platform that is
not based on a person's traditional credit score (FICO), but
rather on their IOU Credit Report and their ability to pay
others back. Every user on the IOU Notes platform can decide
who to give credit and/or lend to, how much and the terms
(1- 24 months) and (0% - 5% interest rate).
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.
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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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