Comments on: FYGO launches http://www.penny-saved.com/2006/11/21/fygo-launches/ Personal Finance and Wealth by the Penny Wed, 20 Aug 2008 13:31:07 +0000 http://wordpress.org/?v=2.6.1 By: Jer http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-3647 Jer Sun, 09 Sep 2007 21:53:20 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-3647 As a payday loan operator for the past 10 + years I know that friends and family do not want to make small, unsecured loans to their brother, sister, friend or neighbor. I cannot recount the number of times I answered our phones and listened while the person on the other end asked if we would make the loan rather than them because they were already owed money by the proposed borrower and did not want to do it again. These people would literally drive the borrower to our payday loan store </a>! As a payday loan operator for the past 10 + years I know that friends and family do not want to make small, unsecured loans to their brother, sister, friend or neighbor. I cannot recount the number of times I answered our phones and listened while the person on the other end asked if we would make the loan rather than them because they were already owed money by the proposed borrower and did not want to do it again.

These people would literally drive the borrower to our payday loan store !

]]> By: Javier Ballesteros http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-348 Javier Ballesteros Tue, 09 Jan 2007 21:29:59 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-348 Fygo is the smart solution to the high interest charged by lenders since you can actually set the interest rate and longevity of the loan. And even more practical if you have any savings, since the return for your money on FYGO will be much greater than any bank or entity is going to provide. Therefore any way you look at it it's a win win situation. You will take the money the banks are making and put it in your own pockets, there is nothing wrong with that , is it???? thank you for this great idea. Fygo is the smart solution to the high interest charged by lenders since you can actually set the interest rate and longevity of the loan.
And even more practical if you have any savings, since the return for your money on FYGO will be much greater than any bank or entity is going to provide.
Therefore any way you look at it it’s a win win situation. You will take the money the banks are making and put it in your own pockets, there is nothing wrong with that , is it????
thank you for this great idea.

]]> By: Wwwhat’s new? » FYGO - Red Social para prestar y pedir prestado - Aplicaciones gratis web 2.0 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-347 Wwwhat’s new? » FYGO - Red Social para prestar y pedir prestado - Aplicaciones gratis web 2.0 Mon, 18 Dec 2006 21:33:33 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-347 [...] money.thatedeguy.com Categoría: Gestión familiar yeconómica [...] [...] money.thatedeguy.com Categoría: Gestión familiar yeconómica [...]

]]> By: David - FYGO http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-346 David - FYGO Sat, 09 Dec 2006 20:33:56 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-346 Also, If you would like to participate in our Beta please go to www.fygo.com and Click on the Join Now button. Please indicate that you came from this site. Thank you. Also, If you would like to participate in our Beta please go to http://www.fygo.com and Click on the Join Now button. Please indicate that you came from this site. Thank you.

]]> By: David - FYGO http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-345 David - FYGO Sat, 09 Dec 2006 20:23:08 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-345 You are correct that we do not show any sensitive information. We actually think that borrowing from people you know is smart because it is a better alternative than credit cards or a pay day loans. Also, by creating a lending network on FYGO you are able to increase your financing options (you are no longer limited to people that are near you and people you know and trust may invite others in that you may consider transacting with). It is up to you if you want to list the "why" you need some extra cash or you can just simply post a loan request to your group. It is also important to keep in mind that people that need a loan today may be lending tomorrow. FYGO is simply a smart new way to lend and borrow. You are correct that we do not show any sensitive information. We actually think that borrowing from people you know is smart because it is a better alternative than credit cards or a pay day loans. Also, by creating a lending network on FYGO you are able to increase your financing options (you are no longer limited to people that are near you and people you know and trust may invite others in that you may consider transacting with). It is up to you if you want to list the “why” you need some extra cash or you can just simply post a loan request to your group. It is also important to keep in mind that people that need a loan today may be lending tomorrow. FYGO is simply a smart new way to lend and borrow.

]]> By: thatedeguy http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-344 thatedeguy Fri, 24 Nov 2006 02:25:51 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-344 No, I realize that they wouldn't reveal any sensitive data. What I did mean is that the idea is that you borrow from your social circle, which seems like a bad idea since those who you borrow from would now your credit worthiness as well as part of your financial picture in the form of the loan you have through them. No, I realize that they wouldn’t reveal any sensitive data. What I did mean is that the idea is that you borrow from your social circle, which seems like a bad idea since those who you borrow from would now your credit worthiness as well as part of your financial picture in the form of the loan you have through them.

]]> By: Janaki http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-343 Janaki Thu, 23 Nov 2006 07:05:18 +0000 http://www.penny-saved.com/2006/11/21/fygo-launches/#comment-343 When you say "your financial information being known to others", what exactly do you mean? I hope you don't mean that the site divulges any sensitive data. Because I don't think it does. When you say “your financial information being known to others”, what exactly do you mean? I hope you don’t mean that the site divulges any sensitive data. Because I don’t think it does.

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