Our
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Comprehensive advice on the legal aspects of operating a consumer credit application

Consumers are interested in the fastest possible application process for a consumer loan with which to finance the purchase of goods. The decision to buy an item can be spontaneous, thus waiting in line at a lending point located in the shop itself, if there is one at all, becomes burdensome for them and may cause them to abandon the purchase.

A solution has already appeared on the market to respond to this problem. For our client, a consumer credit intermediary, which is the developer of an innovative mobile application, designed for stationary sales shops, enabling the submission of consumer credit applications, the Firm provided services including:

• verification of the customer’s loan application process;
• drafting the terms and conditions of the mobile application;
• reviewing the KYC process;
• drafting the necessary consents and declarations;
• providing opinions on the cooperation model with merchants;
• creating cooperation agreements with merchants.