Perfect Money Credit Exchange

[lightfoot500]

I dont know where this topic should go. moderator please move to right place and let me know.

i joined perfect money e-banking system.
and found a section called credit exchange.
go to the lobby and see alot "ads" for short term high interest loans.
like $5.00 at 200 % for 24 hours..  stuff like that, and they give stats of these outfits wanting the loans.
stats looked like they are paying these high interest loans off.  i figure it is some kind of gimic.
so i do on for $5.00 and wait for the 24 hours.  the lender was France Online Bank. had a very good credit score and was "verified" and the credit status was positive yesterday.  now today, the credit status is negative. and the loan is in default.
why would a reputable?  online bank like perfect money be screwing around with a con like that ?  i thought it was a hyip deal and had a chance of paying off. even had 17 positive reviews from other people who lent money.. 

has anyone worked with this credit exchange on perfect money before ?   what is the deal with it ?

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[piloder]

I lost more than $100 few years back in similar high return scam in perfect money credit exchange platform. Most of those account with very high trust score were bought or hacked one so that they can be used for one time scam and run away. Many of them might have been verified using fake details and documents even not PM will never investigate on such scams because PM is also not registered anywhere to provide financial services.

[1Referee]

i thought it was a hyip deal and had a chance of paying off.

In other words, you expect a scam (from which you know it's a scam) to pay you out? Pretty naive and stupid. The worst part is that you incentivize these scammers to continue doing that to others. People like you are one of the main reasons these scams exist and enjoy enough demand to keep popping up. People just need to understand that it is impossible to make money like that. Greed only leads to losses.

even had 17 positive reviews from other people who lent money..  

These metrics are useless in reality, and it has proven itself to be useless.

Try just being reasonable and look for actual investments that don't promise you Golden mountains. That $5 could have been invested in Bitcoin or whatever other coin, and you would have seen it increase in value months later. It's just $5 I know, but imagine if it was $50 or $500, treat your money properly and it will grow.

[SyGambler]

I dont know where this topic should go. moderator please move to right place and let me know.

i joined perfect money e-banking system.
and found a section called credit exchange.
go to the lobby and see alot "ads" for short term high interest loans.
like $5.00 at 200 % for 24 hours..  stuff like that, and they give stats of these outfits wanting the loans.
stats looked like they are paying these high interest loans off.  i figure it is some kind of gimic.
so i do on for $5.00 and wait for the 24 hours.  the lender was France Online Bank. had a very good credit score and was "verified" and the credit status was positive yesterday.  now today, the credit status is negative. and the loan is in default.
why would a reputable?  online bank like perfect money be screwing around with a con like that ?  i thought it was a hyip deal and had a chance of paying off. even had 17 positive reviews from other people who lent money.. 

has anyone worked with this credit exchange on perfect money before ?   what is the deal with it ?

damn perfect money still have that !!! I used to use perfectmoney a lot in the past years but never used it again after I was introduced to bitcoin
they used to have it too ( 4 years ago ) I got 2 successful small loans as I remember and was defaulted by one

thought they would had remove it now since almost all people had the same experience , anyways perfectmoney isn't that trusted btw but they are running good till now

best thing is to use perfectmoney with caution and never fund these loans again , since it seems perfectmoney doesn't care

[timerland]

PM credit exchange is literally the most redundant thing ever. They are an anonymous payment processor themselves, and they don't have any sort of restriction on who can ask for loans on their platform. There are absolutely zero collateral as well.

If lend money to strangers, promising 200% per day sort of interest, on a shady platform with absolutely no backing and no verification, then you probably won't get anything in return back. That is the essence of PM's credit exchange.

Don't use it, reputations there don't count as anything. You'll get scammed 100% of the time.

[magneto]

I dont know where this topic should go. moderator please move to right place and let me know.

i joined perfect money e-banking system.
and found a section called credit exchange.
go to the lobby and see alot "ads" for short term high interest loans.
like $5.00 at 200 % for 24 hours..  stuff like that, and they give stats of these outfits wanting the loans.
stats looked like they are paying these high interest loans off.  i figure it is some kind of gimic.
so i do on for $5.00 and wait for the 24 hours.  the lender was France Online Bank. had a very good credit score and was "verified" and the credit status was positive yesterday.  now today, the credit status is negative. and the loan is in default.
why would a reputable?  online bank like perfect money be screwing around with a con like that ?  i thought it was a hyip deal and had a chance of paying off. even had 17 positive reviews from other people who lent money.. 

has anyone worked with this credit exchange on perfect money before ?   what is the deal with it ?

Consider whatever you put into this "credit exchange" a donation to the other party.

I can guarantee you that nobody that legitimately needs a loan would ever turn to this "credit exchange" to obtain a loan. Everyone on there is trying to fish for inexperienced users. I'd argue that unlike HYIPs, you won't even have the tiniest bit of chance of getting your money back. They are just going to get your money, and run with it.

You have to understand that PerfectMoney itself facilitates transactions for ponzi schemes, and dodgy activities. It's bad enough to give out a no collateral loan here on the forum, and giving out no collateral loans on PM is just on another level. There is no chance a scammer will ever pay back his dues.

[Beerwizzard]

OP, you really believed that bank took a loan at about 200%? Then you are one of the most naive people ever. French banks are giving loans at 0% interest rate. There is no reason for them ro take loans from the unknown payment system. Doesn't matter how desperately they need those money.
A service that "verified" such organisation can never be trusted and can be concidered as a scam.

[lightfoot500]

Thanks for most of your comments.     I thought PM was more legit.  Definitly try to spread the word about PM.
Anyone know of any good investments for btc besides hodl. which is  looking pretty good at the moment.
there is one casino i heard of that lets you invest in the "house" and receive descent interest.
they have been doing it for a while so have a good track record.
crypto-games i think. something like that.
any others ?
What about Skrill. is it a more legit payment system ?