Consumer Credit Licence

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Are you an installer or a shop trader?  You may need a Consumer Credit Licence

Do you want to be able to offer your clients credit to buy your goods?

Do you need the FCA licence in order to offer credit or get terms from lenders?

If the answer to any of those questions is yes, we can help you with your licence!

Find out here as to whether you require a licence for your type of business. Our quick permission finder app will also let you know which type of licence you will require:

Do you want to lend your own money?
In the context of - is it your own money or other people's money that you are going to lend?

Yes
No

IFAC specialise in getting licences for firms to be offer credit terms.

Our special arrangement allows for a one off fee payable to IFAC of 750 plus VAT for Limited Permissions or 1000 plus vat for Full Permissions. The FCA will also charge an application fee is approximately 540 - 1090 (no vat) as well.

After authorisation we charge 50pm plus VAT (Limited) or 90pm plus VAT (Full) to submit the ongoing returns required.

We will help you to build the following documents for your firm. You may need all of the following and we can help provide them within the price above.

  • Controller application and authorisation
  • Organogram/Staff Tree
  • Business Plan
  • Accounts Forecasts
  • Certification to demonstrate Fit & Proper
  • Compliance Monitoring Programme
  • Consumer Duty and Treating Customers Fairly
  • Vulnerable Customer Policy
  • Risk Register
  • Financial Crime Policy
  • Data Protection Policy
  • Whistleblowing Policy
  • Complaints Policy
  • Previous years' trading accounts
  • Business Continuity/Disaster Recovery Plans

The FCA normally ask for confirmation that you have these processes are in place or request sight of them.

We will ask you to provide us with the following:

1 - Your latest accounts.
2 - Sufficient information to assist with the above for you and for the FCA.
3 - A number of phone calls and/or meetings and emails - usually only a few- to check information and understanding 

Click "Apply now" and we will send you a confirmation email shortly after and start work on it immediately.

Apply now

You can call us 01242 80 70 10 for more information about Consumer Credit Licences.