Online Privacy

If you are a Business who offers credit or lends money to consumers, The Consumer Credit Act 1974 may require you to be licensed by the Office of Fair Trading. This includes where credit is arranged to finance the purchase of goods or services (brokers), and also applies to debt collectors, debt advisors and businesses that offer goods for hire or leasing.  

Failure to have appropriate licensing arrangements in place where required could constitute a criminal offence, and may render any credit agreements you make unenforceable.

If you think your business may require a Consumer Credit Licence, or you would like to know more about Credit businesses’ obligations, please visit the website of the Office of Fair Trading.