You may be lending to a trusted party, maybe your own company however with tough times looming it wise to think about how you can manage risk on loans you make. As well as documenting your loan Credi’s ‘Do It For Me‘ team can quickly set up loans that help a lender further protect themselves by registering a security interest with the The Personal Property Securities Register PPSR, giving you priority in the event of the borrower going bust.
Lenders can accept a wide range of your assets as security for a loan, almost anything of value. There are four broad categories of personal property (assets) that a lender can register a security interest in, personal property is all forms of property other than real estate. The Credi DIFM concierge team will guide you through the options
In Australia the Personal Property Securities Register (PPSR) is a government run single, national online database that shows you whether someone is claiming an interest in goods or assets. It provides information to help protect consumers when they are buying personal property such as cars, boats or artworks (not including land or buildings). Read the Australian Government guide to PPSR
