Perfect Money Credit Exchange is a financial hub that allows its participants to interact with each other on an exclusive business level benefiting all the parties involved in the process:

 

·         Borrowers get the opportunity to take loans from a selection of different members and choose the person whose conditions better fit their requirements

·         Lenders get the opportunity to allocate their money in a business scheme that would bring them interests without any extra efforts

 

Any Perfect Money accountholder can participate in the Credit Exchange with no exclusive requirements. A user with any Trust Score can either lend or borrow money.

 

In order to avail of the service you will have to log into your account and right on the account statement page you will see the Promotions frame in the right corner. In the frame Perfect Money invites all users to participate in the Credit Exchange. Just click on it and here you are in the Exchange profile.

 

The main menu in the Credit Exchange user profile contains these options:

 

About Loan Exchange

Lobby

Give a Loan

Take a Loan

Check Agent

My Agents

My Requests

My Deals

Statement

Settings

 

In the About Loan Exchange section which is also dubbed as the Tutorial you will find thorough information and recommendations on the Exchange use. Be sure to read carefully all the details in the section because it can help you to exploit the service with maximum efficiency.

 

The Lobby section is meant for getting the most up-to-date information on the loan offerings and requests placed by other users. Out of here an accountholder chooses the member from whom the loan will be taken or instead for whom the loan will be granted.

 

In order to lend you money to a Perfect Money user you go to the Give a Loan section.

 

Users who want to place a loan order should go to the Take a Loan section.

 

The Check Agent section is meant to help users to identify the status of a lender or borrower. To be more precise it allows users to check the Trust Score of a member chosen for a lending transaction.

 

In the My Agents menu users comply a dedicated list of contra agents for regular loans. Perfect Money explains: “This section is created for those who wish to work with the trusted contra agents and are not willing to look for new partners. Here you can always make an offer to borrow from or to lend to any contra agent from your list, thus minimizing your risks.”

 

Correspondingly in the My Requests section you will be able to edit and view all your loan requests.

 

Your deals that have been already completed are detailed in the My Deals menu respectively.

 

The Settings section is dedicated for viewing and editing preferences for your profile and setting the Credit Exchange functions.

 

 

First thing that should be defined is certainly your part in the lending process: you are either a lender or a borrower. On the basis of this you respectively should choose a menu: Give a Loan or Take a Loan.

 

 

The procedure of taking a loan has two scenarios:

 

1.      Placing a request in the Credit Exchange Lobby

2.      Choosing from a list of placed offerings in the Lobby

 

 

If you choose to place a request you should follow these steps:

 

1.      Press the Take a Loan button in the Credit Exchange navigation menu

2.      Specify which of your accounts should receive the loan

3.      Specify the loan amount

4.      Specify the percentage of a loan interest you can repay to a lender

5.      Choose the term for which the loan would be taken

6.      If you are making a private request specify the agent whom you expect to lend you money, if you are not, leave it blank

7.      In the Loan Purpose line you should make a brief notion of your purpose respectively

8.      In the Loan comments frame you can correspondingly make a more detailed statement of the purpose on which you are going to use the borrowed money

 

 

In the end your Loan Request will look like this:

 

 

This is much shorter than the previous scenario. Here you just look up in the Lobby listings of lenders and find the best option. There is the View the Offer against each of the positions. Press this button, read carefully the requirements in detail and fill in the proper fields in the form presented below.

 

A user should specify here the account where the loan would be transferred. Check (optionally) the box Add this person to My Agents list. Provide an explanation of the loan request in the Loan Comments box. Press the Preview button and on the resulting page if you want to proceed press the Send Request button. That’s it! Now you need to wait for a time while the lender will be considering your request. However, in case the lender sets the automatic request conformation option the deal will be made instantly once you press the Send Request button.

 

If a borrower fails to repay the loan within the timeframe specified in the loan conditions their account is blocked and all the available funds commensurate to the loan will be automatically credited to the lender’s account. The borrower won’t be able to perform any activities in the account otherwise than funding it.

 

If a borrower decides to repay the loan earlier than specified they should go to the Deals section and press the Complete button.

 

 

Here you either have two options on how to offer a loan:

 

1.      Place a public offering in the Lobby

2.      Select the borrower from the listing who best matches your requirements

 

 

For placing a loan offer in the Lobby listing you should follow these steps:

 

1.      Press the Give a Loan button in the Credit Exchange navigation menu

2.      Specify the account from which the loan will be provided

3.      Specify the loan amount

4.      Optionally specify the Minimum Trust Score

5.      Set the loan interest

6.      Set the loan term

7.      Select the loan processing: Manual, Personal or Automatic

8.      Mention your purpose

9.      Detail your purpose in the Loan Comment box

 

 

After you place your public offering it will look like this:

 

 

In this case you select the user in the Lobby listing that best suits your requirements and press the View the Request button against the position.

 

After reading the detailed request statement you will see a corresponding form below that you should fill in for sending an offer.

 

In the form you should specify the account from which the loan will be taken. Optionally you may add this person to the My Agents list. Press the Preview button and if you want to proceed further press the Give Money button.

 

Both for lenders and borrowers: If by any reason you decide to cancel the transaction you should go to the My request section and press the Cancel button next to your request/offering.

 

 

Trust Score is an index used by Perfect Money to initialize the activity of each of the ecurrency users. The index is calculated individually for every member. TS is updated daily and changes depending on a number of conditions such as funds movements on a client's account, system usage start date and a whole number of other parameters characterizing a Perfect Money client.

 

Correspondingly the higher is the Trust Score the more trust can be given to the user by Perfect Money and other members.

 

 

Perfect Money Credit Exchange is a highly-professional financial instrument for diligent clients of the payment system to allow them to perform loan transactions and earn money on this business. As you can see yourselves all the terms and conditions were foreseen and provided by Perfect Money, so there could not be any curbs or failures. Security of the online transactions against fraud is out of question. It is a very convenient service for all the members as it eliminates sophisticated documentation procedures required by banks or other credit agencies. You just place your order or request, or select the person in the listing and wait for the deal confirmation. That is how easy it may be.

 

We hope that the Credit Exchange along with other services from Perfect Money will bring you success and help in your financial objectives.