Credi news and media releases

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Majority First-home buyers now use ‘Bank of Mum and Dad’ according to domain.com.au

The majority of first home buyers now borrow from the ‘The Bank of Mum and Dad’. Accounting for more than $20 billion in property loans after shooting 25 per cent higher in the past year.

Read Article 

Source: www.domain.com.au

Want to take the stress out of lending to friends or family?

Credi empowers ‘The Bank of Mum and Dad seamlessly managing your loan agreements avoiding potential disputes.

 

 

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.

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.

Read Article 

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.

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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Couple loses £90,000 in what they thought was a loan to their daughter

Fomarlise a loan online with Credi empowering The Bank of Mum and Dad

A misunderstanding in loan terms causes a rift at the bank of Mum and Dad .
Read article

Source: dailymail.co.uk

Formalise a loan agreement with Credi

Credi.com is a world-first relationship-lending platform that empowers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means of formalising loan agreements between family members, friends and businesses. Credi is a web-based app specially designed to allow you to create, manage and automate your personal lending with friends, family members and business acquaintances. Credi does not lend money, it is simply the software that helps you manage and formalise your lending and borrowing with another party. 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.

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.

March 2018

Credi Monthly Stat image March 2018

Credi, the platform for managing your loan agreements, had a great March 2018.

March saw us reach $57,840,697 AUD loan agreements formalised and managed. With $13,306,168 of these being active/live loan agreements.

We also saw a 35% increase in our total user base to 3546, largely attributed to our global expansion.

Credi Partner Australian Launch

March also saw the Australian launch of Credi Partner at ABE18 in Sydney.

Credi Partner empowers accountants, bookkeepers and finance professionals to create and manage loan agreements for their customers, streamlining the administration of customer loan agreements and providing detailed analytics for loan activity and reporting. Credi Partner enables finance professionals to create and manage a variety of loans, including:

  • Standard – a basic loan agreement one borrower and one lender
  • Division 7A – loans made by private companies to their shareholders
  • Secured – loans secured by an asset other than real property (e.g. company assets, motor vehicles, boats etc.)

Find out more about Credi Partner.

Credi is currently offering a $5,000 partner account credit to help your business manage customer loan agreements, but hurry this offer is strictly limited – apply now.

Stay tuned for next months stats and features and remember it’s easy to formalise and manage loans between friends, family and colleagues. Simple head to the sign-up page and create a free account. And as always, loan agreements under $2000 are free.

 

Open your Free account

 

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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Make and save money by documenting a loan agreement

Credi Fairy dancing. Only fools chase the money fairy

How to make and save money documenting a related party loan

Documenting a loan agreement to a related party is crucial – so why is it so rarely done? It’s the nature of the relationship between the parties to the loan that puts this important piece of administration onto the “do it tomorrow“ list. Organising a documented loan with a friend or business partner changes the relationship from a personal to a business relationship. Then there is the prospect of seeking formal advice and negotiation which could result in disagreements and friction. It all sounds too hard; ‘we’ll be alright…right?’

Relationship loans are a huge part of the Small to Medium Enterprise (SME) landscape. Businesses borrow billions of pounds from related parties to support their ambitions, yet fail to recognise the material risk to the transaction when they remain undocumented, leaving the ambiguity of a long forgotten conversation to raise its ugly head down the track. The relationship that underpinned the loan is then threatened, and may even break.

Read more

Source: http://xumagazine.com

 

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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February 2018

Credi, the online platform for managing a loan agreement between friends or family, has set new records in February 2018. The Credi platform has seen an increase in users managing lending agreements, and this month saw the Credi loan agreement platform reach new heights.

This February 2018 saw $55, 655, 433 AUD loan agreements formalised and managed on the platform. With $123, 815, 39 of these being active/live loan agreements on our platform.

Credi has also made significant growth in international markets with our Indian and Phillipino users topping the fastest growing international markets for the Credi loan agreement platform.

This month the Credi platform reached 2617 active users, overall seeing a 13% increase from last months user statistics.

Keep an eye out for more to come and next months statistics.

It’s easier than ever to get started on a loan agreement between friends or family.

Just head to our signup page and get started. It’s free for loans under $2,000!

https://dashboard.credi.com/#/signup?ref=cpw-blog

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.

Should you start a loan agreement between friends?

Would you start a loan agreement between friends?

Lending a friend $20 a few days away from pay-day is not a big deal, but what if a friend asks to borrow a significant amount of money? Or if a parent lends a child money that they can’t afford to give up for good.

TODAY looked at the smart ways to lend to friends and family.

Source: https://www.9saver.com.au/banking/3149/is-lending-your-money-ever-a-good-idea

 

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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Qantas Talking Business – Credi CEO joins Alan Kohler

Play Podcast

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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Credi featured in the top 10 trending startups coming out of WA

Smart Company logo

Credi has been featured in the top 10 trending startups from Smart Company.

Click here to read the article

 

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.

Top 10s Released for the Techboard 2017 National Awards

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.