Welcome to Leverage-e, the company you been looking for. Leverage-e is a cash pool loan management company that utilizes a peer-to-peer lending platform. With Leverage-e each participant is able to start leveraging out interest-bearing debt for new no interest loans. This allows a participant the opportunity to do away with daily and monthly compounded interest a little bit at a time.
What do Leverage-e do? Leverage-e pulls loan processing fees together to issue self-funding loans. The funds from these loans are then sent directly to the lender as a principal payment on behalf of the participant and a newly reconstructed no interest loan is established.
HOW ARE THE LOANS FUNDED?
Each participant is charged a set of loan processing fees. The sum of all loan processing fees less administrative cost creates a general cash pool. When a participant's total loan processing fees are received, the participants name is put on a numeric list to be paid out of the next set of available funds. A cash disbursement in the form of a cashier check is issued and sent to the lender. A repayment plan is established for the newly formed loan and the repayments received from these loans go directly towards the funding of additional loans.
HOW TO GET STARTED!
Step 1: Choose a loan product.
Step 2: Download loan application.
Step 3: Fill out and return application with payment.
Step 4: Wait for application to be processed and disbursed to lender.
Step 5: Check disbursed funds sent to lender on next month's billing statement.
Step 6: Mail repayment on newly refinanced loan once invoice is received.