What exactly are “unaffordable” loans?

What exactly are “unaffordable” loans? Was a loan affordable simply because you was able to repay it? No! If having to pay that loan kept you therefore broke you had to borrow again – through the exact same loan provider or a different one – it had been unaffordable! The regulator states: “the debtor must be able to result More...

by admin | Published 2 weeks ago
By admin On Tuesday, April 6th, 2021
0 Comments

What exactly are “unaffordable” loans?

What exactly are “unaffordable” loans? Was a loan affordable simply because you was able to repay it? No! If having to pay that loan kept you therefore broke you had to borrow again – through the More...