Phrases with «affordability checks»

"Affordability checks" refer to the process of evaluating whether an individual or household has the financial capability to afford a certain product or service. It involves assessing their income, expenses, and financial situation to determine if they can comfortably afford the cost without excessive strain on their budget. Full definition

Sentences with «affordability checks»

  • Not only do we offer manageable repayments across 3 months for your # 300 payday loan, but we also carry out a series of affordability checks in line with our responsible lending practices. (wizzcash.com)
  • As a responsible lender, we conduct affordability checks and credit checks on every applicant before making an informed and responsible lending decision. (wizzcash.com)
  • While we run a credit check on every application for our # 500 loans, this is not always the deciding factor, as we also carry out various affordability checks. (wizzcash.com)
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