A linked account may have charges or conditions outside the loan schedule. Identify whether opening or maintaining it is required for the quoted terms.
Ask where those costs enter the comparison and what happens if the account changes. A loan total alone may not describe every associated service the borrower must maintain.
Details
- A linked account may have charges or conditions outside the loan schedule.
- Ask where those costs enter the comparison and what happens if the account changes.
- Separate quoted conditions from assumptions
- Locate the agreement version and date
- Ask how a change affects the remaining schedule
Consolidation comparisons
Know what a preliminary result actually establishes
Use the examples to prepare specific questions and locate authoritative local information. Decisions needing personal legal, financial or debt guidance should take account of the actual circumstances.