How does it work?

  1. Someone who needs a small loan completes a loan application and posts a loan request on the IOU Central Marketplace.
  2. Lenders will browse the loan listings and place bids to lend money at a specific rate and amount.
  3. When a borrower accepts funding on his/her loan, the bids with the lowest rates are combined together into a single loan.

What are the benefits for me?

  • Borrower:
    • Better Rates
      Our marketplace allows borrowers to accept the lowest offered interest rate.
    • Flexible Solutions
      We offer borrowers an alternative source of credit.
    • Safety, Simplicity & Security
      Our high-tech / low-touch process makes borrowing easy and secure.
  • Lender:
    • Better Returns
      We help diversify your investment portfolio with a new asset class of consumer loans.
    • Lending with a Social Intention
      Our marketplace grants lenders satisfaction in knowing they have helped real people.
    • Safety, Simplicity & Security
      We only allow qualified, credit-worthy borrowers to participate in the marketplace.

When the economy went quiet... IOU Central went to work!

Coming soon Spring 2009

IOU Central

filed a registration statement with the Securities and Exchange Commission (SEC) on Wednesday, May 13th 2009. We are excited about the future of IOU Central and Peer-to-Peer Lending!

See you soon!

IOU... Information

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It's all secure!

  • Strict privacy policies
  • Highest levels of online security to protect each users account.