The free ethical alternative to payday loans

March 26, 2013 - PRLog -- In January 2013 Daniel Hall the founder of Quickmoneyalternative.com spent a day freelancing in Pay Per Click advertising for a payday loans company in London. Whilst working for this company Daniel was told that most applications that the company receives are rejected because the applicant already has several payday loans outstanding with other companies. Daniel felt that there had to be an ethical way out of debt for these people and so he set about creating Quickmoneyalternative.com.

The site works in a similar way to a payday loan in that people say how much money they need and when they need it by. The difference is that the debtor offers services in exchange for the money rather than getting themselves further in to debt.

The services offered can be anything from walking someone’s dogs for a month to painting someone’s house for them. The service can be anything that a debtor feels they can offer. For each transaction there is the option to have a legally binding contract drawn up. This is to ensure that the debtor provides the service for which they have been paid.
The site is completely free to use and the identity of the debtor is not disclosed until negotiations for a deal take place or until a deal is agreed upon. The timing of this disclosure of information is the choice of the debtor in question.

But it is not only the debtor that benefits from the transaction. Those who provide the funds can feel good about giving help to someone who truly needs it whilst getting a service at below market price. Not only this but some services on the site may be hard to find elsewhere as well.

Daniel Hall hopes that the site ‘can help people get back on their feet.” He goes on to say that “there are many people experiencing debt for the first time in lives due to the recession and hopefully Quickmoneyalternative can be a life changer for these people.”

Quickmoneyalternative.com was launched on the 26th of March 2013.