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Credi Featured on Channel 9 News Discussing the “Bank of Mum and Dad”

Credi loan agreement platform on Channel 9 News

Credi was live on Channel 9 News last Thursday and Friday. Nathan Brooks reports on how many adult children are turning to their parents when buying their first home. Resulting in the so-called ‘bank of mum and dad’ becoming the fifth biggest lender in Australia.

CEO, Tim Dean, created the platform to help family and friends formalise and manage loans. 9 News reported that 50% of informal loans between family and friends aren’t documented, as a result arguments often arise and relationships can be damaged. Tim Dean, having countlessly lent to his adult children and colleagues over the years realised how important a platform like Credi was to help protect relationships and safeguard trust.

Watch the video below of the interview that aired on 9 News Thursday and Friday of last week

 

 

Credit: Nathan Brooks 9 News

Source: Nine News

 

 

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