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.
Details
- Identify the legal entity behind the product and the activity it claims to perform.
- Use the relevant official register and confirm matching details independently.
- 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.