PerfectMoney Credit Exchange

Perfect Money has recently launched its Credit Exchange Feature. A feature that many PerfectMoney users had been longing to have. The Perfect Money Credit Exchange is a unique business solution offered by Perfect Money. It is a financial hub that allows people to interact with other people on a private and transparent business level that benefits both parties involved. Using the Perfect Money Credit Exchange, each and every user has the ability to borrow necessary funds or to lend funds to other users to make a profit. Lenders can set up their own interest rates, period to be paid and other details to make the offer clear to everyone. Borrowers on the other hand, can look for loan offers that they need to be able to fund their Perfect Money Account. Any Perfect Money account holder can participate in the Credit Exchange with no other requirements, given that they have enough Trust Score, which we will tackle later.

To start using this feature you have to register for a Perfect Money Account at their website. Setting up an account with them is very easy and convenient. After that, you may now log in to your Perfect Money Account. We will now have to talk about your Trust Score, before we proceed further. A Trust score is a gauge used by Perfect Money to identify the activities of each account holder. The Trust Score eventually changes depending on the account holder’s activities such as, withdrawing and depositing of funds, transfer of funds to other users, system usage and time usage. To make things simple Trust Score revolves on how a Perfect Money Account Holder uses his/her account. The more you use Perfect Money, the more Trust Score you can gain. Now that you know the Trust Score, it is time to learn more about the Credit Exchange. You can find the Credit Exchange button on the upper right corner of your account main page. You will find several buttons after clicking that, and I will try to explain its uses one by one.

The first button will be the About Loan Exchange. This is a must-see section for people who are new to the Credit Exchange. This contains FAQs, and tutorials on how to lend or borrow money using the Credit Exchange. The next button will be the Lobby. You will find the lists of borrowers and lenders here. You can also find details about the borrowers and lenders in this section. Their country, offered amount of loan, offered amount to be borrowed, interest rates, loan purposes and other things related to them. The next button is called the Give a loan button. This section has an instruction on how you can create a loan offer in public or privately. It also contains the application form necessary to offer a loan. The next button is the Take a loan button, the section contains instructions on how to request for a loan. It has also the application form for you to fill up, to be able to request for a loan. The next one is the Check Agent section, this part is used to check out a borrower or lender who is about to make a deal with you. “Agent” is another term for user or account holder in Perfect Money. You can also view the users or agents Trust Score on this area. The next part is the My Agents section. In this part you can create and edit lists of agents who you would like to work with in the future at Credit Exchange. This is sort of your friend or buddy lists in the Credit Exchange. You can also send messages to them at this section. The My Request button is a section where you can edit your existing requests. Your requests for taking and giving a loan are found here. The My Deals part is where you can view your completed deals. You can also view the terms of each deal you have made. The Settings button allow you to modify the settings on how you use Credit Exchange, if you want to be more transparent, private or just balance on your deals this is the section to look forward to.

Overall, it is a very nice feature. It will allow more income for both lenders and borrowers. It is also secured because it is backed up by Perfect Money. They handle all the transactions that are made. Any delinquent users, will have their accounts suspended or terminated. They can also prosecute any non-paying borrowers. But still being careful and responsible is not bad at all. Always check the users Trust Score, profile status etc. when offering a loan. Only lend money you can afford to lose. For borrowers, just borrow the exact amount of money you can afford to pay.

Good day Friends.