Please read these Terms carefully. They include a binding arbitration clause and a class action waiver (Section 14) that affect your legal rights. By using Loanly Ledger, you agree to these Terms.
These Terms of Service ("Terms") are a binding legal agreement between you ("you" or "User") and ResQWare LLC, a New Hampshire limited liability company ("ResQWare," "we," "us," or "our"), governing your access to and use of the Loanly Ledger mobile and web application, including all features, content, and services (collectively, the "App" or "Service").
By downloading, installing, accessing, or using the App, you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy, which is incorporated by reference. If you do not agree, do not use the App.
You must be at least 18 years of age (or the age of majority in your jurisdiction) to use the App. By using the App, you represent and warrant that you meet this requirement.
Loanly Ledger is a personal record-keeping application that allows users to track informal debts ("IOUs") between themselves and other individuals. The App provides calculation features for convenience, including interest projections, amortization schedules, and payoff planning.
Loanly Ledger is a tracking tool. Calculations, projections, schedules, and other outputs are provided for convenience and informational purposes only. We make no warranty as to the accuracy, completeness, or reliability of any calculation, projection, or other output, and we accept no liability for any financial, legal, tax, or other decisions made based on App data. You are solely responsible for verifying all calculations and for any decisions you make. Consult a qualified professional for financial, legal, or tax advice.
We do not extend credit, originate loans, broker loans, or otherwise act as a lender or financial intermediary. The App is intended for personal, non-commercial use to track informal debts between individuals (e.g., money lent to family, friends, or acquaintances; damages owed; reimbursements). The App is not intended for use by, and is not licensed for use by, professional lenders, consumer credit businesses, debt collectors, or any person or entity that regularly extends credit in the ordinary course of business.
Loanly Ledger does not process, transmit, hold, or otherwise handle any funds between users. If a user enters a payment link (such as a Venmo, Zelle, PayPal, or Stripe URL) into the App, that link is stored locally on the user's device and may be displayed in account statements the user chooses to send. Any payment made via such a link is a transaction between the payer and the third-party payment service identified in the link. We are not a party to that transaction, do not facilitate that transaction, and have no liability for it.
We do not act as a debt collector, dunning service, or collection agent. The App is a record-keeping tool used by individuals to track debts owed to them personally. Users may choose to send their own statements or reminders generated by the App, but any such communication is sent by the user, from the user's own email or other account, and is not initiated, transmitted, or controlled by ResQWare.
Any dispute, disagreement, or claim between users of the App — including, without limitation, any dispute regarding the existence, amount, terms, validity, enforceability, repayment, or modification of any IOU recorded in the App — is solely between those users. ResQWare is not a party to any such dispute, has no obligation to mediate, arbitrate, investigate, or resolve any such dispute, and accepts no liability arising from it. Users acknowledge that the App is a record-keeping tool, not a contract enforcement service, and that records stored in the App do not in themselves create or modify any legal obligation between users.
The App does not require account creation or login. All user data is stored locally on the user's device.
Because your data is stored only on your device, you are solely responsible for backing up your data. The App provides an export feature for this purpose. If you lose your device, reset your device, uninstall the App, clear your browser data, or otherwise lose access to your local storage, your data may be permanently lost. We have no ability to recover lost data and accept no liability for any such loss.
Should we offer optional cloud synchronization through Apple iCloud, Google Drive, or similar third-party services in the future, such synchronization is provided through your personal account with the third-party provider. We do not store, access, or process synchronized data on our servers. Your use of any third-party cloud service is governed by that service's terms of service and privacy policy.
The free version of the App provides core IOU-tracking functionality at no charge and supports unlimited simple (non-interest-bearing) IOUs.
We offer optional Pro upgrades that unlock additional features (such as amortizing loan tracking, interest-only loan tracking, total cost projections, payoff planning, and combined payment splits). Pro upgrades are available through Apple App Store and Google Play Store in-app purchases, subject to those stores' terms.
Current Pro options are:
Subscriptions auto-renew through the App Store or Play Store unless cancelled in your account settings with that store. We do not directly manage billing or cancellation; you must do so through your store account.
All sales are final. Pro upgrades are non-refundable. Refund requests for in-app purchases are governed by the policies of the Apple App Store or Google Play Store, as applicable, and must be submitted through those services. We may, at our sole discretion and as a courtesy, choose to issue or facilitate a refund in cases where we deem it appropriate, but we are under no obligation to do so. Any such discretionary refund does not constitute a waiver of this no-refund policy.
To inquire about a discretionary refund or to obtain assistance contacting the App Store or Play Store regarding a refund, you may email support@loanlyledger.app.
We reserve the right to modify pricing for the App and Pro upgrades at any time. Any price change to an active auto-renewing subscription will be communicated to you in advance through the App Store or Play Store, and your continued subscription after the change constitutes acceptance of the new price. Lifetime purchases are not affected by future price changes for that product.
You agree that you will not:
We reserve the right to suspend or terminate access to the App for any user who violates these Terms.
Many U.S. states and other jurisdictions impose limits on the maximum interest rate that may be charged on a debt. The App does not enforce or check compliance with such laws. Interest rates entered into the App that exceed your jurisdiction's usury cap may be unenforceable, and charging interest above the lawful cap may expose you to civil or criminal liability. You are solely responsible for ensuring that any interest rate you record in the App complies with all applicable laws.
Persons who regularly extend credit to consumers in the course of business may be subject to federal lending laws including the Truth in Lending Act (15 U.S.C. § 1601 et seq.) and Regulation Z (12 C.F.R. Part 1026). The App is not designed for, licensed for, or intended for use by such persons. If you are uncertain whether you are subject to these or any other lending laws, consult an attorney before using the App.
Persons who collect debts owed to others may be subject to federal and state debt collection laws including the Fair Debt Collection Practices Act (15 U.S.C. § 1692 et seq.). The App is not designed for, licensed for, or intended for use by debt collectors, third-party collection agents, or any person collecting a debt on behalf of another. The App is intended only for individuals tracking debts owed to them personally.
The App does not engage in money transmission. Payment links you enter are merely user-provided URLs to third-party services and are not facilitated, processed, or transmitted by us.
The App, including all software, text, graphics, icons, logos, and other content (excluding User Content), is the property of ResQWare or its licensors and is protected by United States and international copyright, trademark, and other intellectual property laws. We grant you a limited, non-exclusive, non-transferable, revocable license to use the App for your personal, non-commercial use, subject to these Terms.
"Loanly Ledger" and associated logos and branding are trademarks of ResQWare LLC. You may not use these marks without our prior written consent.
Any data you enter into the App — including names, IOU details, payment records, notes, payment links, and the like ("User Content") — remains your property. Because the App stores User Content locally on your device and does not transmit it to our servers, we do not access, store, process, license, or otherwise use your User Content.
The App may include links to or integrations with third-party services, including but not limited to the Apple App Store, Google Play Store, RevenueCat (for in-app purchase processing), and any payment service you choose to link to (such as Venmo, Zelle, PayPal, or Stripe). Your use of any third-party service is governed by that service's own terms and privacy policy. We are not responsible for the availability, content, accuracy, or practices of any third-party service.
If you obtained the App through the Apple App Store, you acknowledge and agree:
If you obtained the App through Google Play, you acknowledge that Google has no responsibility for the App and no obligation to provide support, and that your use of the App is also subject to the Google Play Terms of Service.
The App is provided "as is" and "as available," without warranty of any kind, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, accuracy, completeness, non-infringement, and any warranties arising from course of dealing or usage of trade.
Without limiting the foregoing, we do not warrant that:
Some jurisdictions do not allow the exclusion of certain warranties; in such jurisdictions, the above exclusions apply to the maximum extent permitted by law.
To the maximum extent permitted by applicable law, in no event shall ResQWare LLC, its officers, directors, members, employees, agents, affiliates, or licensors be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, including but not limited to damages for loss of profits, loss of data, loss of goodwill, business interruption, or any other intangible loss, arising out of or relating to your use of or inability to use the App, even if we have been advised of the possibility of such damages.
In no event shall our total aggregate liability to you for any and all claims arising out of or relating to the App or these Terms exceed the greater of (a) the amount you actually paid to us for the App in the twelve (12) months immediately preceding the event giving rise to the claim, or (b) ten U.S. dollars ($10.00 USD).
Some jurisdictions do not allow the limitation or exclusion of liability for certain damages; in such jurisdictions, the above limitations apply to the maximum extent permitted by law.
Please read this section carefully. It affects your legal rights and includes a waiver of your right to a jury trial and to participate in class actions.
Except as set forth in Section 14.4, you and ResQWare agree that any dispute, claim, or controversy arising out of or relating to these Terms, the App, the Service, or your relationship with ResQWare (collectively, "Disputes") will be resolved exclusively through final and binding arbitration, rather than in court. You and ResQWare each waive the right to a trial by jury.
The arbitration will be administered by the American Arbitration Association ("AAA") under its Consumer Arbitration Rules, as modified by these Terms. The AAA's rules and a form for initiating arbitration are available at www.adr.org. The arbitration will be conducted by a single arbitrator. The arbitration will take place by videoconference, by telephone, or, at your election, in the county where you reside. The arbitrator's decision will be final and binding, and judgment on the award may be entered in any court of competent jurisdiction. The Federal Arbitration Act, 9 U.S.C. § 1 et seq., governs the interpretation and enforcement of this arbitration provision.
You and ResQWare agree that each may bring claims against the other only in your or its individual capacity, and not as a plaintiff or class member in any purported class, collective, consolidated, or representative proceeding. The arbitrator may not consolidate more than one person's claims, and may not otherwise preside over any form of representative or class proceeding. If a court determines that this class action waiver is unenforceable as to any particular claim, then that claim, and only that claim, shall be severed from this arbitration provision and brought in court; all other claims remain subject to arbitration.
Notwithstanding the foregoing, either party may bring an individual action in small claims court for claims that qualify, and either party may bring an action in court to enjoin infringement or other misuse of intellectual property rights. The parties may also seek injunctive or equitable relief in a court of competent jurisdiction in matters related to the protection of confidential or proprietary information.
You may opt out of the arbitration agreement and class action waiver in this Section 14 by sending written notice of your decision to opt out to legal@loanlyledger.app within thirty (30) days of first using the App. Your notice must include your name, the email address (if any) associated with your use of the App, and a clear statement that you wish to opt out of the arbitration agreement. If you opt out, the remaining provisions of these Terms will continue to apply.
Before initiating arbitration, you agree to first send written notice of your claim to legal@loanlyledger.app, including a description of the claim and the relief sought. You agree to negotiate in good faith for thirty (30) days to attempt to resolve the claim before initiating formal arbitration.
These Terms are governed by the laws of the State of New Hampshire, without regard to its conflict of laws principles. For any matter not subject to the arbitration provisions of Section 14, the parties consent to exclusive jurisdiction and venue in the state and federal courts located in Grafton County, New Hampshire.
We may terminate or suspend your access to the App at any time, with or without notice, for any reason, including but not limited to your violation of these Terms. You may terminate your use of the App at any time by uninstalling the App and ceasing to access the Service. Sections 2, 3, 7, 8, 12, 13, 14, 15, 17, and 18 survive any termination of these Terms.
We may modify these Terms at any time. If we make material changes, we will post the updated Terms in the App or on our website, update the "Last Updated" date, and provide reasonable notice (which may include in-app notice or notice by email if applicable). Your continued use of the App after the effective date of any change constitutes your acceptance of the updated Terms. If you do not agree to any change, you must stop using the App.
These Terms, together with our Privacy Policy, constitute the entire agreement between you and ResQWare regarding the App and supersede all prior or contemporaneous communications, whether oral or written.
If any provision of these Terms is held invalid or unenforceable, that provision will be enforced to the maximum extent permissible, and the remaining provisions will remain in full force and effect.
Our failure to enforce any right or provision of these Terms does not constitute a waiver of that right or provision.
You may not assign or transfer these Terms or any rights hereunder without our prior written consent. We may assign these Terms at any time without notice or consent.
Any notice to ResQWare under these Terms must be sent to legal@loanlyledger.app. We may provide notices to you through the App, by email (if we have an address on file), or by posting on our website.
For general questions, contact support@loanlyledger.app. For legal notices, contact legal@loanlyledger.app.