WikiLoan, Inc. (OTCBB: WKLI), a peer-to-peer lending platform, announced today that the Company has signed a deal with Progrexion Marketing, the exclusive marketing firm for Lexington Law, to provide credit counseling for WikiLoan users with poor credit history.
The deal allows the company to offer a value added service to the users who are not credit worthy, while receiving generous affiliate commissions.
“More than 85% of users applying for peer-to-peer loans are not credit worthy. Instead of flatly rejecting the majority of our users, we believe that getting them back on the road to financial independence is an important way to build credibility and loyalty for our brand. In addition, Lexington Law has a new program that notifies us when our users meet the baseline credit score for our program that should allow us to convert our users to paying customers,” said Marco Garibaldi, WikiLoan, Inc. CEO.
WikiLoan is a Social Network with a focus on finance. At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company’s website provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
About Progrexion Marketing
Progrexion Marketing is the exclusive marketer of Lexington Law. Progrexion provides a credit counseling affiliate program through Lexington Law that has a history of quality services and a long commitment to credit correction research and development, with 20 years of experience assisting over 1/2 million clients in their credit counseling and repair efforts.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company’s expectations or beliefs concerning future events of the company’s financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, market acceptance of the company’s products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
Investors may contact:
Web Site: http://www.wikiloan.com
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