To use the app, users are required to set up an account and link their social-security number and bank account to the app, which is ensured to have high security measures to keep information safe. For every loan or lending process done, there is a flat fee of $10 per user. Users also have the opportunity to leave comments on the user that a deal had been made with, so future loaners and lenders can have a feel for who they will be dealing with, creating a "credit", and also for the app to keep track of user's reliability and penalize users who have not compromised with the app rules.
LoanLend Buddy will be a revolutionary app that will allow people who do not have the best credit score, needs money fast, or would like a smaller interest rate than what banks have to offer, the choice to get their money through this app. It will also be an easy, flexible investment technique for thousands of people who would like to make more money and help others out.