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For example, a lender must identify a covered short-term loan as a covered short-term loan.
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If you do, check that the lender is a member of a trade body and complies with the code of practice, specifically on logbook loans.
In particular, it cited "a failure to work out whether people could afford the loans, aggressive debt collection practices, a failure to explain how repayments are collected, and a lack of sufficient forbearance for those who cannot afford the repayments.
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