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What should I verify about a lender's authorization?
Identify the legal entity behind the product and the activity it claims to perform.
A trading name, polished website or familiar badge is not sufficient evidence of authorization.
Use the relevant official register and confirm matching details independently. Authorization and product suitability are separate questions; a legitimate provider does not make every agreement appropriate for every borrower.
Find a guide for your borrowing question
Browse loan types, application preparation, cost and repayment subjects, with checklists to use beside your own documents.
Definitions
- Total repayable
- Sum payable under the stated schedule and its assumptions; contingent charges and changes must be considered separately.
- Amount received
- Money actually made available to the borrower, which can differ from the stated loan amount if a charge is deducted.