Consumer Credit Licence


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 Hitachi Finance or any other?

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?


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 1250 plus vat; And the FCA fee is approximately 500 - 600 (no vat) as well.
After authorisation we charge 50pm to submit the ongoing returns required and carry out annual audits of FCA activity.
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
  • Treating Customers Fairly - TCF Policy
  • Vulnerable Customer Policy
  • Risk Register
  • Financial Crime Policy
  • T&C Policy
  • Data Protection Policy
  • Procedure Manual
  • Whistleblowing Policy
  • Compliance Manual
  • IT Self Assessment
  • Professional Indemnity Insurance
  • Capital Adequacy Assessment
  • Complaints Policy
  • Corporate Governance
  • Previous years' trading accounts
  • Conflict of Interest Policy
  • Credit Agreements
  • Business Continuity/Disaster Recovery Plans
  • An example of your work (if requested)

The FCA normally ask for confirmation that you have these processes 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 - usually only a few- to check information e.g. NI number etc 

The process normally takes a couple of months from start to finish.

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.