Your Family - Your Friends - Their Future

Your Decision

Borrow money from your parents in a safe, secure environment

Benefits Of Using Pay My Parents

Pay My Parents Makes Borrowing money From Family A Breeze

Joining now grants you immediate, free, lifetime access to all our financial resources and services designed to help you create wealth, no matter how much you earn. The only time a cost is incurred is if, or when, a loan is active, with the borrower paying normal transaction fees.

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JOIN AS A MEMBER TO GET THESE GREAT BENEFITS

Fast, instant approval of loans

As soon as you and your parent/s agree on the terms of the loan and sign the digital
contract, your loan is instantly approved! No wait times, no approval process, you can
begin your repayments as soon as you’re ready.

Easy to use budget calculator

Our budget calculator lets you input all your monthly expenses to calculate the term of the
loan and how much money you can afford per repayment. You can revisit this budget at any
time and adjust as required. We encourage all users to use this calculator as it is an excellent
visual representation of where your money is going.

Loan managed for you + Automatic payments with payment reminders = set & forget!

Once your loan has been set up, there is nothing more for you to do! You will be sent
payment reminders when payments are due, and the money is automatically transferred
from your bank account to your parents.

Will never affect your credit rating

PayMyParents will never affect your credit rating, period!

The system is designed to teach monetary management skills and to help you to understand
the ramifications of missing repayments, but we do this in an entirely harmless
environment.

24/7 access to view loan statement and balance

If you ever want to view your loan statement, check on the balance of your loan/s or
request more money from your parent/s, you can do so at any time through our easy to use
members portal.

No monthly costs or monthly subscription

You receive all of this plus more completely free of charge!

The borrower will only be charged a small transaction fee on repayments (similar to PayPal or Stripe) when a loan is active.

Joining now grants you immediate to all our financial resources and services designed to show you how to create wealth, no matter how much you earn.

We’ve put together some message templates to help you ask for a loan. Simply choose which template suits you best from the list below, fill in the information in the brackets, copy and paste into an email to send off to your potential lender

JOIN NOW - FREE LIFETIME MEMBERSHIP

Joining Pay My Parents is entirely free. Joining now grants you immediate access to all our financial resources and services designed to show you how to create wealth, no matter how much you earn.

The only time a cost is incurred is when a loan is active with the borrower paying normal transaction fees (similar to PayPal or Stripe) with each loan repayment.

Join Now

We've put together a couple of templates to help you ask for a loan. Simply choose which template suits you best, fill in the information in the brackets and send off to your potential lender

OPTION 1:

Hi {Mum/Dad/Friend Name},

As you know, I am looking at borrowing some money from you for {REASON FOR LOAN}. I
have been doing some research and have come across a company called “PayMyParents”.

They have created a world first system that manages parent to child loans in a safe, secure
environment.

They do not charge interest, will never affect my credit rating and have a big focus on
financially educating young Australians, like me.

If you have some spare time, could you take a look at the website and let me know what
you think? You can view the website here: https://paymyparents.com

OPTION 2:

Hi {Mum/Dad/Friend Name},

I was hoping to borrow some money from you for a {REASON FOR LOAN}. Before you make a decision', I want you to know that I have been doing some research and have come across a company called “PayMyParents”. They have created a world first system that manages loans between friends and families in a safe, secure environment.

With PayMyParents, and the education tools they provide, I am confident I will be able to meet repayment deadlines and get you repaid quickly.

If you have some spare time, could you take a look at the website and let me know what

you think? You can view the website here: https://paymyparents.com

OPTION 3 (BEST FOR SOMEONE WHO NEEDS A SECOND CHANCE):

Hi {Mum/Dad/Friend Name},

As you know I have been struggling to make my promised repayments to you for the money you have loaned me.

In my research I have come across, “PayMyParents”, a world first system that manages parent to child loans in a safe, secure environment giving you the highest possible chance of getting paid back, on-time!

I really think with the help of this program I will be able to get my repayments back on track and get you paid back as soon as possible. The system will never affect my credit rating and they provide us with a legally binding loan agreement.

If you have some spare time, could you take a look at the website and let me know what you think? You can view the website here: https://paymyparents.com/

Complaints Policy

HOW WE RESOLVE COMPLAINTS AND DISPUTES

We have an Internal Dispute Resolution process . If you have a complaint about our services, please contact us. We aim to resolve the majority of complaints within five (5) business days. If we believe it may take longer to resolve your complaint or to investigate the matter thoroughly, we will let you know and keep you informed of progress.

You can make a complaint in writing (letter or email) or verbally (telephone or personal representation). Your complaint will be referred to our complaints officer for response.

Derreck Van Der Velde

Derreck Van Der Velde
Complaints Officer

Att: Derreck Vander Velde
ParentPayz PTY LTD
PO Box 422, Oxenford QLD 4210

All details are current as of May 20th 2020. We publish minor changes on our website and periodically will update our policies.