How much could new affordability guidelines cost your business?
The new FCA guidelines that outline the need for an affordability assessment may be causing some headaches for insurers who are non-SHARE members. Instalment financing is particularly prevalent and although the loans are fairly low risk in lending terms they could have a negative impact on customer’s wider financial solution. The FCA have determined that to mitigate this risk an affordability assessment of customers is necessary.
Complete the form below to download the Affordability Assessment Guide and discover how we can support requirements for responsible lending regulations within your business.
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