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Interest is paid by borrowers to lenders.
Some mortgage brokers clearly encouraged borrowers to lie.
A. It's encouraged borrowers to consider alternatives to traditional lenders.
That allowed borrowers to rack up huge debts.
To be fair, Oakam's cashback feature does encourage borrowers to make repayments on time.
Tighter lending standards are making it harder for subprime and other weak borrowers to get mortgages.
Anyone holding such loans relies solely on the creditworthiness of the borrowers to be repaid.
That allows the borrowers to obtain loans at low interest rates.
Low interest rates have helped borrowers to keep up with loan payments.
The rules also allow borrowers to introduce oral evidence to make their cases.
The company essentially allows would-be borrowers to seek loans from individual lenders online.
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