Financial Review reports 25% increase in lending by ‘The Bank of Mum and Dad’

‘The Bank of Mum and Dad’ is reported  to in increase lending  by 25% to $20 billion in the past 12 months due to banks’ raising rates.

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Source: http://www.afr.com/

Credi empowering ‘The Bank of Mum and Dad’

Lending to family or friends? Credi.com empowers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means of documenting loan agreements between family members, friends and businesses. Reducing potential stress and heartache.

 

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.

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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.

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