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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

 

 

NOTE: The views and opinions expressed here are mine and do not necessarily represent or reflect the views of Credi Pty Ltd.

Credi Pty Ltd (Credi) is not a bank, provider of legal advice or a financial lender.

Credi only provides a platform that allows friends, family and third parties to originate, negotiate and conclude loan agreements amongst themselves.

Credi does not provide legal advice, monitor or assess, agree, approve or decline any loan requests nor does the platform perform any funds transfer services.

Credi is not a law firm or legal practise, is not engaged in a legal practise and Credi does not act as lawyers or provide a legal service.

Nothing on this site should be considered is legal advice and you should consult a lawyer in your area to get specific legal advice and certainty of your legal rights and obligations.

The use of the Credi platform is governed by Credi’s Terms of Use.

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