The danger of assumption
A lender relied on old information when determining loan affordability. New circumstances meant Ruby could not afford the new loan.
A lender relied on old information when determining loan affordability. New circumstances meant Ruby could not afford the new loan.
Huan, a domestic abuse survivor, could not afford to repay a loan that her partner had forced her to borrow
Chen told the lender she received money from boarders. Was the lender able to rely on this income when deciding whether to approve the loan?