In this episode of
Money Creation Explained we are going to cover How to Use
IOU Notes as an Alternative to Credit Cards.
Before Credit Cards, most people paid for everything with
Cash and Checks. People controlled their spending so that if
they did not have the money in cash or in their bank
account, they had to wait to make purchases. Then Credit
Cards came along as the fastest and most secure method of
payment instead of carrying cash and checks around.
Credit Cards came along and boosted economic growth, but it
is commonplace now that people do not want to wait and they
can buy now and pay later. Most of us do not think about the
long term effects of just paying the minimum card payments,
which is the interest, and everyday more people are drowning
in debt. The average American does not have $1,000 in their
bank account to cover an unexpected bill. We have become a
spend now nation while saving very little.
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
back others. 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), (0% - 5% interest rate).
Donations of $20
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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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