Credit brokers explained Check your borrowing choices

Credit brokers explained Check your borrowing choices

These pages describes:

What’s a credit broker?

Look at your borrowing choices

Payday advances are a rather way that is expensive of. You might have other choices such as for example a credit union loan, an overdraft or perhaps a Social Fund loan.

Make certain you’ve considered all your valuable choices prior to deciding to simply simply take a payday loan out.

Could be the credit broker authorised?

Before you utilize a credit broker, you need to check always they’re authorised. Genuine credit agents are regulated and authorised because of the Financial Conduct Authority (FCA) and they are noted on the Financial Services enter. From 2 January 2015, all of their communications that they are a credit broker and not a direct lender with you should also make it clear.

You’ll discover the credit broker’s legal name on all its communications, such as for example its internet site, e-mails, telephone calls, text messages and letters. (more…)

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