For those lenders who do not assess their customer’s ability to repay the loans they borrow, they are likely to find the envisaged reforms difficult to swallow
Tag Archives: responsible lending
Responsible lending returns payday power to broker
the majority of responsible online providers of instant short term loans do not, and never have had, any trapdoor waiting to spring open on unsuspecting customers
Store cards loss is payday lenders gain
The FLA lending code insists that a customer’s credit check is obtained before granting an extension. What happens if it was a no check loan or it has faltered?