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What belongs in a borrowing decision record?
The record describes what was understood at the time, not a guarantee that circumstances will remain unchanged.
Link it to the final documents and later amendments. If questions arise, the assumptions can be checked without reconstructing a decision from an old advertisement.
Details
- Separate quoted conditions from assumptions
- Locate the agreement version and date
- Ask how a change affects the remaining schedule
Read the costs together
Build a consolidation comparison
Record existing commitments and proposed replacement terms separately, including fees, security and remaining payments.