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Coronavirus will bankrupt more people than it kills. The Bank of Mum & Dad will be needed more than ever

Coronavirus will bankrupt more people than it kills. The Bank of Mum & Dad will be needed more than ever

Coronavirus will bankrupt more people than it kills — and that’s the real global emergency

Worldwide, Covid-19 will economically cripple millions, especially since the epidemic has formed a perfect storm with stock market crashes, an oil war between Russia and Saudi Arabia, and the spilling over of an actual war in Syria into another potential migrant crisis.

We may look back on coronavirus as the moment when the threads that hold the global economy together came unstuck; and startups and growing businesses like mine could end up paying the price.

Just as important as fighting the virus — if not more important — is vaccinating our economies against the incoming pandemic of panic. Human suffering can come in the form of illness and death. But it can also be experienced as not being able to pay the bills or losing your home.

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

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Credi is the World’s #1 loan management platform for private lenders.

  • Formalise your loan agreements online
  • eSignature functionality means no paperwork needed
  • Trusted by over 7,000 people worldwide
  • Takes minutes to setup
  • Track repayments online or through the Credi mobile track app
  • Option to secure your loan with borrower assets (PPSR registration, for Australian users only)

Credi the #1 lending management platform for friends family & their business

Formalise and manage your loan agreements online with Credi. Trusted by over 7,000 people worldwide. Takes minutes to set up

Use Credi for FREE – for all loans up to  A$5000, $5000, €5000,  £5000 . Loans over cost A$20, $20, €20,  £20  or other other local currency amounts (sales tax may apply)

Credi the #1 lending management platform for friends family & their business

Formalise and manage your loan agreements online with Credi. Trusted by over 7,000 people worldwide. Takes minutes to set up

Use Credi for FREE – for all loans up to  A$5000, $5000 / €5000,  £5000 . Loans over cost A$20, $20, €20,  £20  or other other local currency amounts (sales tax may apply).

Key Features

Credi Free

For loans up to A$5000
FREE
  • For loans up to AUD $5000
  • Create loan agreements in minutes
  • Multi currency support
  • Share agreements
  • Negotiate Loans
  • eSignature
  • Track Payments
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Credi Premium

For loans over AUD $5000
$AU 20 Per Loan Document ex GST
  • Every feature in FREE
  • Loans over AUD $5000
  • Premium Support

Small Biz Owners Secured

Secured Loan Agreement. General Purpose PPSR Secured loan agreement
$AU 399 Per Loan Document ex GST
  • Loan Agreement set up done for you
  • Registered Security interest
  • Available in Australia only

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