WikiLoan, Inc. (WKLI.OB) Cuts Wall Street Out of Lending

Online, March 9, 2010 (Newswire.com) - In a time when Banks have halted lending to consumers, WikiLoan has come forth with an innovative solution to put the lending power back into the hands of the people. "WikiLoan is perfectly positioned to fill the needs in this community by giving consumers a resource for short-term loans with extremely low fees, fast identity verification methods, and the creation of payment histories, which may help build credit," added Marco Garibaldi, Founder and CEO of WikiLoan. WikiLoan approaches lending in a very unique way, providing lending sources not through Wall Street controlled Banks but from everyday people in the community.

If you are in a cash crunch and tired of being turned down by the banks or are trying to find a lower cost solution on a loan, then WikiLoan can connect you with members of the community who want to loan you the money. They also provide you with a Wiki Score, debt-to-income ratio and a loan repayment schedule.

If you have cash sitting in a low, almost negligible, interest bearing savings account, then WikiLoan is a great alternative. WikiLoan provides a safe, legal and ethical environment for anybody to loan money out to members of the community. Also known as person-to-person loans, WikiLoan's website is a "virtual community bank," where anybody can become a borrower or a lender and set interest rates agreed upon by both parties.

WikiLoan provides these great lending tools to the community at extremely low costs for both lenders and borrowers while placing the lending power back into the hands of the people.