FYGO Founder Interviewed on Leading Podcast for Payday Loan Industry

(PRLEAP.COM) Phoenix, AZ – David Farias, founder and CEO of FYGO, discusses the emergence of the socio-technological enablement of the social lending network on PLIWatch.org. FYGO is the leading provider of online financial collaboration networks, who has recently launched its beta product at www.fygo.com.

FYGO gives people the ability to leverage their own personal relationships to borrow, lend, gift or repay without the need of a FICO score. This provides a completely new alternative to payday lending - something that should please the industry opponents who have been clamoring for this type of alternative because of the high cost of pay day loans.

Typically, the only alternatives to payday loans have been lower APR credit cards, banks and credit unions. FYGO goes much further by empowering borrowers and lenders to negotiate fair terms and interest between one another. With FYGO there is shared risk, low interest and fees, and a level of collaboration encourages the borrower to payback the loan.

The full podcast interview is available at: http://www.pliwatch.org/podcast_070115.html

About FYGO
FYGO is the leading provider of Trusted Financial Collaboration Networks, enabling consumers to conveniently lend, borrow, gift, repay and conduct financial transactions online with people they know and trust. The company provides online services that allow people to create or join networks with people in their personal and professional lives. FYGO is based in Phoenix, AZ.

About Payday Loan Industry Watch
Payday Loan Industry Watch (PLIWatch.org) is an industry-independent provider of payday loan industry news, podcasts, interviews, reviews, RSS newsfeeds, find a lender listing, and tips. PLIWatch’s position on the industry is deliberately neutral, which enables inclusion of all points of view. PLIWatch is supported by donations and sponsorships—the content of PLIWatch.org is independent of sponsor or donor viewpoints. www.pliwatch.org

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