Welcome to Business
Credit
If a business offers credit or lends
money to consumers, or allows
customers time to pay for goods and
services, it must be licensed with the
Consumer Credit Licensing Bureau of
the Office of Fair Trading under the
Consumer Credit Act 1974.
The following types of business must be licensed with the Office of Fair Trading:
The following types of business must be licensed with the Office of Fair Trading:
- consumer credit
- consumer hire
- debt adjusting and debt counselling
- debt collecting
- credit reference agencies
- canvassing credit off trade premises
Knowsley’s Trading Standards team
advise businesses as to their
responsibilities under the act which
involve licensing and advertisement
placement.
The service closely monitors activities of money lending, and is ever vigilant in its duty to eradicate illegal practices in this field.
The service closely monitors activities of money lending, and is ever vigilant in its duty to eradicate illegal practices in this field.
Related Links
- Office of Fair Trading website
http://www.oft.gov.uk/ (Opens in new window) - Trading Standards website
http://www.tradingstandards.gov.uk/ (Opens in new window)
Who to Contact
Consumer Protection Team
Telephone: 0151 443 4737
Write to or Visit:
Environmental Health,
Kirkby One Stop Shop,
Cherryfield Drive,
Kirkby
L32 1TX
Email: consumer.advice@knowsley.gov.uk
Telephone: 0151 443 4737
Write to or Visit:
Environmental Health,
Kirkby One Stop Shop,
Cherryfield Drive,
Kirkby
L32 1TX
Email: consumer.advice@knowsley.gov.uk
