RESPONSIBLE LENDING – ENSURING YOU REALLY CAN AFFORD THE MORTGAGE

Since 2010, brand brand new lending that is responsible arrived into force for several customer loans. Under these rules loan providers need to take certain actions to make certain that:

  • customers get loans which can be suited to their purposes and
  • customers are able to afford to repay their loans without significant difficulty.

From 2013 extra lending that is responsible affect SACCs in particular. These guidelines say that:

  1. payday loan providers cannot just just take safety (eg.
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