JUST WHAT WILL THE PAYDAY LENDER ASK YOU TO ANSWER FOR ONCE YOU SUBMIT AN APPLICATION FOR THE MORTGAGE?

JUST WHAT WILL THE PAYDAY LENDER ASK YOU TO ANSWER FOR ONCE YOU SUBMIT AN APPLICATION FOR THE MORTGAGE?

The payday lender will ask you for:

  1. Banking account statements. Usually do not give the payday loan provider online use of your statements. This compromises the protection of the banking account.
  2. Proof earnings eg. payslips, Centrelink declaration
  3. Information on your cost of living
  4. Information on other loans

If the payday loan provider just isn’t asking because of this information chances are they’re not complying with regards to responsibilities underneath the legislation. (more…)

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