Money can be a sensitive topic, especially when it comes to loaning and borrowing money from friends and family. You may have experienced the awkwardness of asking someone to pay you back, or the guilt of not being able to repay someone on time. You may have even lost a relationship over money issues.
That’s why we created VOWEL, a platform that aims to save relationships when mixing friends/family and money. VOWEL is not just another lending app. It’s a relationship app that helps you loan and borrow money with your circle without the awkwardness or any harm done to your relationship.
How does VOWEL work?
VOWEL is simple and easy to use. All you need is a bank account and a phone number. You can sign up for free and start using VOWEL in minutes (note: as of APR2023 VOWEL is not yet available to the public. Open beta testing is anticipated to begin in summer 2023).
- If you want to loan money to someone, you can create a custom offer with the amount and repayment schedule that works best for you (pro tip: set up to align with your pay schedule)
- Once an offer is accepted, VOWEL will automatically transfer the money from the lender’s account to the borrower’s account. You don’t have to worry about cash, checks, or other payment methods.
- VOWEL will also handle the repayments for you. VOWEL will automatically deduct the installments from the borrower’s account and deposit them into the lender’s account. You don’t have to worry about reminders, late fees, or missed payments.
- VOWEL will also keep track of your loan history and provide you with a dashboard where you can see your balance, progress, and feedback. You can also chat with your lender or borrower through VOWEL and share your thoughts and feelings.
Why choose VOWEL?
VOWEL is more than just a lending app. It’s a relationship app that helps you save relationships when loaning and borrowing money with your circle. Here are some of the benefits of using VOWEL:
- VOWEL removes the awkwardness out of the process. You don’t have to ask someone for money or chase them for repayment. You don’t have to feel embarrassed or guilty about your financial situation. You don’t have to worry about ruining your relationship over money.
- VOWEL offers customizable terms. You can set your own terms for your loan offer or request. You can decide how long you want to repay or lend, and what other conditions you want to include. You can also modify your terms if needed with mutual consent.
- VOWEL integrates with bank accounts and automates repayments. You don’t have to deal with cash, checks, or other payment methods that can be inconvenient, unsafe, or unreliable. You don’t have to keep track of your payments or receipts. You don’t have to risk defaulting on your loan or losing your money.
- VOWEL fosters trust and transparency. You can see who is offering or requesting money in your circle and what their terms are. You can also see their feedback and ratings from previous transactions. You can communicate with them through VOWEL and share your expectations and experiences.
- VOWEL supports your financial goals and well-being. You can use VOWEL to borrow money for an emergency, an opportunity, or a dream. You can also use VOWEL to lend money to someone who needs it and earn some interest in return. You can also use VOWEL to improve your credit score by making timely repayments.
Ready to try VOWEL?
If you are looking for a way to save relationships when loaning and borrowing money with your circle, look no further than VOWEL. VOWEL is the ultimate relationship app that helps you loan and borrow money without the awkwardness or any harm done to your relationship.
Sign up today for exclusive early access to our Summer 2023 beta program @ http://www.vowelmoney.com
VOWEL: Share Money, Not Problems.