Person to Person Lending

Person to person lending, also known as peer to peer lending, has grown in popularity as technology and trust with traditional lending institutions has eroded. In person to person lending, an individual with money to lend goes directly to an individual who needs the money, without involving a bank or credit union. The internet has created many online marketplaces for such transactions, although the SEC has recently suggested that it may begin regulating these transactions. But without a doubt, people are becoming much more creative in how they manage their capital.

Kwik-Loan is a suite of software tools that was originally developed to help consumer lending institutions better manage their business. The tools help automate finding new loans, the underwriting process and the management of a loan portfolio. But Kwik-Loan also realizes that the world is changing, and we believe that we can add value to non-traditional lending methods as well. Please contact us if you would like to learn more about Kwik-Loan and person to person lending.

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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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