Quote Originally Posted by Nickell & Dyme View Post
IOU Central is also about to utilize wiring functions to be able to start paying off loans, liens, debts, etc. IOU definitely doesn't want to be considered as an irresponsible lender to any of the major players eyes and seem to back that up by being pretty conservative with their lending, costs, loan amounts and soon they won't do a 2nd loan.

Heck.... now IOU is offering a calculator that shows how much interest cost a merchant saves upon renewal or early loan payoff, pretty slick!

First off cute name!

Secondly I am confused about how adding a wire function allows a company to suddenly start paying off advances... as there are capabilities via ACH, Money Order, Cashiers Check, and Credit Card to allow the paying off of other funders.