Category Archives: Colorado Payday Loan Online

Making a choice on the consumer’s credit application.After having made a judgement in regards to the consumer’s creditworthiness

The creditor can decide on the consumer’s credit application after having made a judgement about the consumer’s creditworthiness.

Based on the CJEU, Article 8 of this customer Credit Directive “aims in order to make creditors accountable also to avoid loans being awarded to customers that are not creditworthy.” Footnote 45 nevertheless, this supply will not address the matter of just what the creditor have to do in case there is the outcome that is negative of creditworthiness test. Continue reading

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