Peer Lending

Peer lending is a practice that was originally most popular in developing countries where individuals and entrepreneurs did not have access to much capital. But in recent years, the practice of peer lending has become more popular here in the U.S., especially as many traditional lenders, such as banks and credit unions, have tightened their credit standards. Peer lending is a lending transaction where an individual who has money to lend lends it to an individual who needs it without the involvement of an intermediary, such as a bank.

Kwik-Loan is a suite of software tools originally developed for the consumer finance industry. But as lenders and borrowers get more creative in how they connect with one another, we are committed to helping make these transactions as efficient and productive as possible. Please contact us if you would like to speak to a representative about how we can help with your peer lending business.

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Credit Central has been using EnCompass for more than a year and a half now. To begin with, the Compass staff was very helpful in converting our old data over to their real-time platform. The b...

David Terrell, Credit Central

Previously, we were running on a system that required a server at each location. Our branches had to run daily reports and forward to the home office where we consolidated them for management review....

Brad McClure, Central Financial Services

By moving to the Compass Kwik-App program, Kitch as been able gain an edge on competitors by electronically providing all necessary loan documents to our indirect dealers. Dealers love the fact that ...

Chet Kitch, Kitch Companies

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