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Building Your Credit Score
How to build your personal credit
Improve your credit score
1. Stay on top of your repayments and commitments. Consider setting up direct debits for utility bills and schedule loan repayments for a set day (may be your pay day)
2. Keep track of your credit commitments.
3. If you move house or update your contact details, notify lenders.
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4. If you are having trouble meeting repayments, seek assistance early on.
5. Use the many online options to view your credit file and take sometime to go through it and understand its contents
A non recourse commercial loan is one whereby the only form of security taken in support of the loan is the underlying asset or project which the loan is funding with the lender having ‘no recourse’ or no resort to any of the borrowers’ other assets. For example, if a borrower takes out a loan to fund purchase of a commercial property, the security under a non recourse loan arrangement would be a mortgage over the said commercial property and a GSA or charge over the company (if property is held in company name )with no guarantee taken from individuals or any other companies forming part of the same group. This is usually sought out by company directors who wish to borrow in their company name without necessarily providing directors’ guarantees in support of the lending.
Commercial Investment Loans Definition Commercial Real Estate (often abbreviated to CRE) is property that is income producing used for business purposes as opposed to residential. Some examples include shops, restaurants, office buildings and shopping centres. Commercial property can be either owner operated ie the owners of the property operate their businesses from the said commercial property, or they can be owned by landlords who then lease them out to business owners to house their operations. In this blog, we will be looking specifically at Commercial Investment Property being a property owned by a landlord for investment purposes, ie leased to a business operator.
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Address:
Suite 4 , Level 1, 46 Burwood Road Burwood NSW
PH: 0456 10 10 10
Email: nelly@npnfinance.com.au
NPN Finance operates under Australian Credit Representative number 520025 as an authorised representative of Australian Credit Licence number 389328.
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Improve your credit score 1. Stay on top of your repayments and commitments. Consider setting up direct debits for utility bills and schedule loan repayments for a set day (may be your pay day) 2. Keep track of your credit commitments. 3. If you move house or update your contact details, notify lenders. .. 4. If you are having trouble meeting repayments, seek assistance early on. 5. Use the many online options to view your credit file and take sometime to go through it and understand its contents
A non recourse commercial loan is one whereby the only form of security taken in support of the loan is the underlying asset or project which the loan is funding with the lender having ‘no recourse’ or no resort to any of the borrowers’ other assets. For example, if a borrower takes out a loan to fund purchase of a commercial property, the security under a non recourse loan arrangement would be a mortgage over the said commercial property and a GSA or charge over the company (if property is held in company name )with no guarantee taken from individuals or any other companies forming part of the same group. This is usually sought out by company directors who wish to borrow in their company name without necessarily providing directors’ guarantees in support of the lending.