The creditor had obtained a county court judgment for £6, 000 against the first client in 1989. The mortgage lender. The new licensing regime should include compensation for consumers who have been affected by abusive practices. Readily available credit has become a much valued part of life for many consumers. The licence applicant was shaun peter finnegan of 19 highfield close, hatfield, doncaster, south yorkshire, dn7 4ga. The licence will be issued in the name of your organisation - if you’re a sole trader it will be in your name. Download a booklet about consumer credit licences from the oft website pdf.

She discovered that she owed £13, 900 as the creditor reinstated contractual interest in 1999. Extending the transitional period for the unfair credit test on existing agreements. If you introduce people to sources of credit or hire, you are a credit broker. Fair, clear and competitive  the consumer credit market in the 21st century.

Citizens advice is the uk european consumer centre which provides advice to consumers in relation to problems with cross- border purchases. It also details traders that have applied for a licence. Applications refused between 1 january and 31 march are as follows. Do i need a new licence? Consumer credit users should not have to put up with a lower standard of protection. For debtors with multiple debts, using the right of set- off can hinder negotiating reasonable and sustainable repayments with all creditors. for late payment

The oft will send you a renewal pack when your licence nears expiry. Read about the types of business that require a consumer credit licence at the oft website. Cheap mortgages. However for some easy access to credit has led to unmanageable debt. Advise on people's credit standing? October 2006 you are here: home / business information / consumer credit licences. Citizens advice John taylor, credit, mortgage broker – midlothian – 29857.

If you answer yes to either of these questions, you are not likely to need a licence. Failure to comply with the provisions of the consumer credit act or other consumer protection legislation. The determination to refuse application number 573641 was published on 9 november 2005. Compare unsecured personal loans. Citizens advice therefore supports the unfair credit relationships test proposed in clause 19.

A loan provider was granted a licence application in different terms. Licences revoked between 1 january and 31 march are as follows. Mortgage lenders in uk. The office of fair trading holds a public record of all licensed traders and of all those who have applied for a licence. The oft has refused the consumer credit licence application of shaun peter finnegan, a prospective credit broker, based in doncaster. Selling goods or services on credit. Consumer credit act 1974 -   credit licence appeals -   recent- outcomes. The only omission in the governments strategy is support for pre- shopping advice for consumers on credit.

Please do a search and apply for a consumer credit licence for me as a sole trader only cost £175. 0. Consumer credit early settlement regulations 2004. The register documents traders that hold a licence and any action taken against them. If you make transactions that come within the scope of the act and you do not have a licence.