09/07/2021
Maury Povich with the truth bomb! π£
We know from personal experience, that loans with family and friends are most likely to be paid back late, or never at all β this makes us sad π₯ , but also means, a parent will be less likely to give you a loan.
So, as a child/borrower, how can you overcome this?
Itβs simple - you need to reassure the lender that you can meet your repayments πͺ.
We recommend two things:
1. Use the PayMyParents budget calculator to show the lender you can afford to meet the repayments.
2. Explain to the lender that, through the PayMyParents system, the loan is legally documented, repayments are automated and they can view the progress of the loan at any time
More information π https://paymyparents.com/
08/07/2021
As parents, we all want the best for our kids and we do everything in our power to help them out.
The reality is, kids can take this generosity for granted and may never pay back the agreed amount. π
With PayMyParents, as the loans are documented and the terms of the loan are agreed to by both parties, you have the best possible chance of being repaid, on-time! πͺ
For the borrower, the system is your BEST chance of getting a loan from your parents because you can be held accountable and your parents can track your repayment progress.
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Loans of any size or any reason
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Free to join
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Legal contract provided
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24/7 access to view & manage loans
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Automatic repayments
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Email & SMS reminders & updates
π https://paymyparents.com/
07/07/2021
Unfortunately, it is often the case that the last person to be paid back are friends and family π« .
Social activities, alcohol and clothes take priority over loans from family and friends because there is no accountability to make these repayments.
With PayMyParents, as the loans are documented and the terms of the loan are agreed to by both parties, the lender has the best possible chance of being repaid, on-time! πͺ
For the borrower, the system is your BEST chance of getting a loan from your parents because you can be held accountable.
β
Loans of any size or any reason
β
Free to join
β
Legal contract provided
β
24/7 access to view & manage loans
β
Automatic repayments
β
Email & SMS reminders & updates
π https://paymyparents.com/
09/06/2021
If your child asked for a loan from you as the "Bank of Mum and Dad", how would you manage this?
When you read this article, does the same thing apply where you come from? Do parents support their children to this extent in your country?
The Bank of Mum and Dad is now Australia's ninth biggest mortgage lender
Parents are contributing record amounts to help their children buy a first home over the past 12 months as property markets took off.
17/05/2021
In the last 12 months, Australian parents have provided nearly $30 billion (yes, with a 'B') to their children to help them buy their first home π , a report from Finder AU says.
It is vitally important that parents protect themselves when entering into these agreements.
The PayMyParents system is designed to protect both the lender & the borrower by legally documenting the loan and providing a simple way to monitor repayments. At the same time, the system helps teach young Australian's sound financial habits they can carry in to the future πͺ.
More information π https://homeloans.paymyparents.com/
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Article π https://bit.ly/3wb5CLs
18/02/2021
Our members exclusive budget calculator allows you to get a clear understanding on how much you can afford to repay π°
We include bills, phone, gym, entertainment β plus much more!
The option to calculate weekly, fortnightly or monthly can help you determine which is the best repayment schedule for you πͺ.
Exclusive to our members portal. Free to join.
π Learn More | www.paymyparents.com
15/02/2021
Rent due, but money is a little tight? π
Do you have a parent, friend or family member who will lend you money IF you have a proper loan set up with an automatic payment plan?
If the answer is βyesβ or even βmaybeβ - PayMyParents has the perfect solution for you!
PayMyParents provides the worldβs best platform to set up a loan, document it and schedule automatic payments.
We do not provide the money, just a simple system to manage loans.
π Learn More | https://paymyparents.com/help-paying-rent/
14/02/2021
Whilst we use sophisticated, state-of-the-art systems, the end product is really quite simple π€·ββοΈ
1. Loan Money π°
2. Get Repaid πΈ
3. No Fuss π€
If you have an existing loan with a family member, friend or child, or if you are thinking of starting one, PayMyParents gives you the greatest chance of getting repaid, on-time!
π Learn More | www.paymyparents.com
13/02/2021
Every loan created in the PayMyParents system is provided with a FREE legally binding loan document β valued at over $1,000 with other providers π€―.
Both the lender and the borrower are required to digitally sign the contract before the loan is made active βοΈ.
This contract clearly and simply lays out the terms of the loan and protects both the lender and the borrower throughout the duration of the loan.
π Learn More | www.paymyparents.com
11/02/2021
PayMyParents was born from parent to child loans but has now developed to facilitate loans between any two parties!
Family, friends, peers - anyone can use the PayMyParents platform to manage their loans.
π Learn More & Sign Up in Minutes | www.paymyparents.com
09/02/2021
Unlike using normal lenders, loans managed through PayMyParents will NEVER affect your credit rating πββοΈ
Our system is designed to educate π, not punish. The lender is the banker, and it is their call how they react to a payment default.
PayMyParents does not and will not pursue legal avenues to recover a loan default.
π Learn More | www.paymyparents.com
07/02/2021
There is absolutely no restriction on the loan amount that can be managed through the PayMyParents system π π₯³
Whether the loan is a for a house or a car, an unexpected bill, rent, a birthday party β or anything in between β your loan can be easily managed through PayMyParents!
π Completely Free to Join | Sign Up in Minutes at www.paymyparents.com