How low official interest rates are impacting family finances & the Bank of Mum & Dad – TickerTV.com.au Oct 2019
Tim talks with Ahron Young (former Sky News bureau chief)
Credi lets family and friends document loans to protect cash and relationships, Sydney Morning Herald, 2017.
Tim quoted in SMH on the importance of protecting and educating in relationships when money is involved:
“We want to educate them about money and meeting their obligations but we probably want to let them off [repayments of the loan] after they have shown you that they are taking their financial responsibilities seriously,” Dean says.
New Online Tool on way to Manage Loans Between Friends and Family, NZ Herald, 2017.
NZ Herald feature about Credi and Tim Dean:
“Credi chief executive Tim Dean, a former university economist who has also worked in accountancy and online digital finance, said New Zealand was attractive because of its proximity, and because “the need [for the service] is just as great”, citing publicised falling outs between families over informally-agreed loans.”
Perth Fintech Credi Formalises Loans among Family and Friends to Reduce Friction, Startup Daily, 2017.
Startup Daily interviews Tim Dean about documentation in familial loans:
“We want to take the pressure off families by turning informal agreements into credible, manageable and formal ones by keeping properly completed documentation in a single place as well as looking after repayment schedules and reminders.”
Loan management platform ‘empowers bank of mum & dad’, Mortgage Business, 2017.
Tim Dean talks about unregulated loans with Mortgage Business:
“Speaking to Mortgage Business earlier this year, Tim Dean, CEO of Credi, said that the platform was launched after finding that Australians lend in excess of $1.65 billion to each other each year in unprotected, informal loans, a third of which comprises loans for first home buyers.”
Protect yourself when lending money to family, In The Black, 2018.
Credi provides simple insurance against simple things going wrong with family lending:
“Tim Dean, founder of cloud-based loan documentation service Credi, believes a simple paperwork process, which keeps both parties on their toes, is the answer. The idea of going to a lawyer to draw up an agreement would not excite most parties, Dean says, and yet documentation will remove that uneasy conversation about last month’s missing repayment.”
Tim Dean Interviewed on 9 News, 2018.
Finance Technology expert Tim Dean talking with 9 News about the bank of Mum and Dad, and how to avoid things going wrong.
Tim Dean interviewed Ticky Fullerton on Sky Business News, 2017.
Tim Dean notes that the statistics have told us that the ‘bank of mum and dad’ is the eighth largest financial institution in the UK. award winning journalist