Did the lender damage Mira’s vehicle during repossession, and were they responsible for her vehicle insurance lapsing?
Mira said that her vehicle was damaged during repossession and that the lender was responsible for her insurance lapsing.
Topic: Business loan
Online lending: What happens if the guarantor wasn’t the person who signed the guarantee?
This case highlights the risks of multiple guarantors sharing one email address in an online lending process. Without independent verification, lenders cannot be sure each guarantor has personally signed and consented, which may lead to consumer harm and complaints.
Wife unknowingly added as co-borrower to husband’s business loan
I did not agree to be a co-borrower
The willing buyer test: what does market value really mean?
Zichen and Theo complained that the lender sold their business’s machinery for far less than what it was worth, and now they were stuck paying the rest of the loan back.
Early repayment fee an unwanted surprise
When a small business repaid their fixed rate loan before the loan expiry date, the lender charged a break fee. The borrower thought this was unfair.
Is my loan a consumer credit contract?
Charlie said his loan was a consumer credit contract; the lender disagreed.
Sorry, I can’t pay
Aihe couldn’t afford to repay her business loan.
An unaffordable loan for a small business
A lender approves a small business loan without documentation showing that the business will generate enough additional income to pay the loan.
When a business loan is not a business loan
Linh did not understand that she was taking out a business loan. Should it have been a consumer loan?
Communication is key
Noah had to pay unnecessary legal fees because of a communication breakdown with his lender.
