Qst on CRAA checks for companies

[WebBoard]

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

 

[Rolf Latham]

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

 

[WebBoard]

Reply: 1.1
From: E L


Thanks Rolf - thought that was the case.

Cheers
EL