Client Check Sheet
As a Responsible Lender it is important to Linsa Finance Ltd (Linsa) that you as a client take as much time as you need to make an informed decision prior to entering into a loan agreement with us. We wish to ensure you fully understand how the agreement works, and what the credit fees and interest are.
Linsa staff is happy to answer any questions you may have prior to making this decision.
Things to consider prior to entering a loan with Linsa
Linsa’s loan agreement and terms and conditions are available both at its offices and on its web site for me to take away and seek legal advice and/or independent advice from others.
Have the key terms and conditions of Linsa’s loan agreement been explained to me, including its credit fees and interest rates?
Have I considered that what Linsa is offering is a high cost credit agreement, and is not suitable for long term borrowing or for ongoing financial difficulties as it is unlikely to be suitable for that purpose? Have I considered that it is likely to be more expensive than other forms of credit?
Has Linsa explained to me that it must make inquiries regarding my income and expenditure to enable Linsa to understand my current circumstances, and ensure loan repayments under the loan agreement can be met without undue difficulty?
Has Linsa explained to me it must make inquiries as to the purpose of the loan so it can decide whether the proposed loan will meet my requirements and objectives?
Have Linsa’s staff provided me with the necessary information regarding this transaction clearly and in an understandable manner, and answered all questions I put to it?
That Linsa is offering only one product, a short term, Consumer Credit Agreement with a high fixed interest rate, and does this product meet my requirements and objectives?
That if Linsa hold security for a loan that the security could be at risk if the loan repayments are not made.
That there may be other options to obtain finance to meet my needs. eg. Bank Loan, Credit Card cash advance, payment arrangement with power company etc?
Linsa offers Repayment Waiver Protection as an optional extra. Would this protection and its benefits be appropriate for me to request with the loan?
