Saturday, February 04, 2006

New Features Live!

We just launched the new features I described below. We are now charging a small fee help cover our expenses. Please let us know if you have any feedback or suggestions by either commenting on this post or using our feedback form.




At 11:55 AM, Blogger Alby said...

I am considering using the services of Circle Lending. Your services are much less expensive but have less support. Are there other differneces????

At 12:23 PM, Blogger Hill said...

Hi Alby -

I think the main difference is with the loan payments. I'm pretty sure that CircleLending will administer the loan payments (collections and remittance) for $9 per payment. They also charge a fee (around $200, I think) for documenting the loan.

LoanBack charges $14.95 to document the loan. We'll also give you free email reminders so payments don't get missed. However, you are responsible for making payments. I suggest setting up a recurring payment at your banks bill pay site since most banks offer free bill pay.

Hope this helps.


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