What do you need to do in order to borrow money? If you would like to borrow money, you have two options:

1. Create a request which will be posted in the public area of the Credit Exchange and wait for responses.
2. Find an offer made by a person willing to lend money and to make a counter offer.

Let’s look at each option individually.

1. The creation of the request for a loan

In order to create a request for a loan you need to click on the “Take a loan” button in the main menu of the Credit Exchange.

Then specify:

• Which of your accounts you would like to receive money to after the loan is made.
• What is the loan amount you would like to receive?
• The interest rate (from .. to ..) you are willing to accept for your loan or the total amount of money you will be able to repay at the end of the loan period.
• The length of the loan period measured in days upon which you will be able to repay the loan to the lender.
• If you already have a trusted agent who you previously worked with, you can direct your request to him/her and not to the public listing.

Further you should click “Preview”, review your request one more time and then click “Create”.

After that your request will be created and posted in the public listing. As soon as your loan request will be responded to by a lender, the process of closing the deal will begin.

2. Taking out a loan by satisfying the requirements of the existent loan offer found in the listing

If you see a loan offer in the public listing that satisfies your requirements, you can borrow money by clicking “Take a loan” button located next to the listing.

Please familiarize yourself with all the terms of the loan offered, and if you are completely comfortable with them, specify the account number for the loan to be made to when your request is completed and the deal is made.

By pressing “Preview” you are entering the page where you can review the deal one more time. If you wish to continue, press “Send Request”.

*The loan will be given only when the lender is notified that his/her offer is of an interest to one of the Perfect Money System users. In the case when the lender specified the automatic request conformation, the deal is made instantly as soon as you press the “Send Request” button.
*Users should keep in mind that if the loan is not repaid on time (specified in the terms of the deal), your account will be blocked and you will not be able to conduct any activities on your account aside from adding funds to it.
*If you decide to repay your loan before the end of the term, you need to go to the “Deals” section and click on the “Complete” button located next to your deal.

Warning from Perfect Money

Please make sure that you have a well thought through strategy as to how you intend to repay the loan. Timely payments are essential to a good standing of your account at Perfect Money.

We strongly believe that if you have made a realistic plan as to how to use the money received, made an effort and behaved responsibly, you will have no trouble returning the money.

However, please be advised that failure to repay the loan will result in various sanctions that may range from your account being blocked to criminal prosecution.

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