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Can't prove your income? Try a Lo Doc loan |
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Monday, 02 October 2006 |
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Lo Doc loans are becoming more and more popular because they make applying for a loan so easy. A Lo Doc loan stands for low documentation. In most cases this means that instead of providing documents that prove your income you sign a declaration stating that you can afford the loan. So if banks and lenders are not checking your income are they leaving themselves wide open to future loan arrears and defaults? |
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Read more... [Can't prove your income? Try a Lo Doc loan]
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