September 1st, 2009
What was once SwapaDebt is now WikiLoan.com. SwapaDebt in my opinion was a disaster. They promised peer 2 peer lending, had users wait for their debut, launched their new web site, allowed registration, did not communicate with new registers, did not allow new listings, and simply never went anywhere! The name change was a smart move for those who were frustrated with SwapaDebt.
WikiLoan now appears to be live. Their website is allowing registrations and is communicating this time through email. There are currently fourteen new listings for loans that look legit, not just test listings. None of the listings have any funding yet maybe due to lack of investors.
WikiLoan.com screenshot
Also, Wikiloan.com is now trading on the OTC and progress can be monitored using ticker WKLI.OB. Currently trading at .20 cents.
WikiLoan trading as WKLI.OB
We will keep an eye on the progress of WikiLoan.com and run a review once the site begins to fullfill lending demands.
February 23rd, 2009
About a month ago Swapadebt.com released their new website. The under construction intro page was replaced with what seems to be a fully functioning website. However, there is no activity.. no listings.. no confirmation emails after registration.. no news.. no posts in the forums.. its frozen. Hey Swap A Debt, you there?
Personally, if I were to start a new peer 2 peer lending website, I would keep potential users updated on progress. It would be nice to have a simple statement on the homepage that the site is still under construction. How about an email confirmation after a customer registers for an account? Heck, how about leaving the under construction intro page? Your site is frozen, not functional, and lacking news related information.
E.M.
October 23rd, 2008
Loanio… oh Loanio… why did you waste my timio!!
If you pay attention to peer lending sites, you may have noticed how long Loanio.com made users wait for their grand opening. They made several announcements of predicted dates of launch, however didn’t follow through. Well… now they are open and according to their logo allow “Peer Lending For Everyone”. Unfortunately, as it turns out.. it isn’t for everyone. Most users can lend with the exception of two States. However, most users can’t borrow as seen on their licensing map https://www.loanio.com/statesonmaps. I am positive more States will be open for borrowing as time goes by, however they need to let people know before sign up. It was a waste of my time to provide all my information to the company just to discover my use of the site was limited.
Loanio.. oh Loanio.. tell people they can’t use your site before they submit their personal information! I hope you get your licenses under control because I can’t wait to do a review of your site once I’m allowed to use it.
