Responsible Lending Statement
Swoosh acts honestly, with integrity and treats all potential borrowers fairly and reasonably. We are committed to the practice of responsible lending, governed by Chapter 3 of the National Consumer Credit Protection Act. We will only provide borrowers with a credit contract that borrowers can afford to repay without causing substantial hardship.
We are required by law to make reasonable inquiries about the borrower’s requirements and objectives in relation to any credit contract recommended by us; and about the borrower’s financial situation. We are also required by law to undertake reasonable inquiries to verify the borrower’s financial situation, to make a final assessment as to whether any credit contract recommended by us is unsuitable. By law we can only provide borrowers with a credit contract which we deem is not unsuitable, assessed on the basis of the borrower’s current financial situation.
In verifying a borrower’s financial situation, we may conduct a credit history check, will peruse bank statements, and consider all other relevant information
We are completely transparent of all interest, fees and charges.
If you feel as though you cannot make a repayment obligation we are here to help provided that you give us reasonable notice.