Posted by | Category Blog | Date 12 July 2016

How to become FCA authorised

The Financial Conduct Authority became responsible for regulating consumer credit in the UK on 1st April 2014, taking over from the Office of Fair Trading.   The FCA provides a guide for consumer credit that all participating firms must follow and there is also the Consumer Credit Sourcebook (also known as the CONC) which has a list of conduct standards that companies must adhere to. Compliancy is king So for

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Posted by | Category Blog | Date 04 July 2016

UK Credit increases its maximum loan size

UK Credit, one of the leading guarantor lenders in the country, has increased their maximum loan size. Announced last month and pushed live in the beginning of July, the Norwich-based lender increased their homeowner product from £7,500 to £10,000 and tenant product from £4,000 to £6,000. The table below shows the minimum and maximum terms for all loan sizes: Representative Example: The Representative APR is 39.9% APR (fixed) so

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