This enables identity verification and a lifestyle assessment to be added to the pre-loan information obtained by lenders. Borrowers can also be informed about direct debits and collection dates, arrears policy and anything else that the lender wants to bring to their attention.
This service is designed to ensure that borrowers understand the main terms and conditions of their loan and are happy with the service that lenders have provided. It is also an opportunity to get feedback about the loan process and to ensure contact details are established.