Qst on CRAA checks for companies

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From: E L


Greetings All
I'm just wondering how credit reference checks are done on companies and family trusts. When you apply for a loan in your personal name, banks check your CRAA. Is it similar for family trusts and companies? Any advice or information would be appreciated.

Cheers
EL
 
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Reply: 1
From: Rolf Latham


Hi EL

They usually get you because you are guaranteeing a loan.

In addition, the P/L trustee if you use one also does have a reference file.

Ta


Rolf
 
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From: E L


Thanks Rolf - thought that was the case.

Cheers
EL
 
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