Mis-selling! Don’t be caught out by your advertising
There’s been a number of stories in the recent news about Green Deal providers and renewable energy companies that have fallen foul of advertising regulations. Mostly it’s because their claims for energy efficiency or financial savings haven’t been clear. Mis-selling can range from deliberately misleading advertising messages through to negligence and missing out key information […]
FCA compliance is a top priority for the CCS Team
by Andy Wallace I’m often asked, why CCS isn’t FCA authorised? Quite simply, the FCA don’t need us to be. Only businesses in direct contact with the end-customer have to hold authorisation, and we, of course, provide a business-to-business service. This decision has, of course, been fully supported by our panel of lenders, including market-leading […]
How to apply for FCA Authorisation
In order to offer credit to customers you need to be authorised by the FCA. If you currently hold an interim permission then you should have received a letter from the FCA outlining your date period for submitting your application. Applications need to be submitted using the FCA’s online system CONNECT. If you don’t apply […]
Added the wrong category to your FCA Interim Permission? How to get it updated…
Mistakes happen. And if you’ve inadvertently added the wrong permission (category) to your Interim Permission, then all is not lost. You could simply apply for a variation of permission via the FCA’s website. However, you may not need to take any action. The FCA should have written to you and advised when to apply for full […]
FCA regulation likely to lead to greater consumer confidence & more credit sales for the Renewables Sector
PRESS RELEASE When the Office of Fair Trading (OFT) closed its doors on 31st March, the Financial Conduct Authority (FCA) took over responsibility for consumer credit regulation and compliance. At the same time consumer credit licences also expired and installers have had to apply for interim permission to continue offering finance. The old licensing scheme […]
‘eSign’ software speeds up credit applications for Betta Living
Consumer Credit Solutions (CCS) has launched its eSign credit application system with home improvement specialists Betta Living. The introduction of the web-based, point-of-sale software means Betta Living can now complete finance applications via a laptop or tablet during sales appointments at customers’ homes. Alex McCulloch, Head of Business Development at CCS, said, ‘The software is […]
If homeowners can’t buy, then you can’t sell
Consumer Credit Solutions (CCS) will be presenting at the KBB Review Kitchen Conference on September 12th. Consumer Credit Solutions, which specialises in home improvements credit, will illustrate how offering “soft sell” finance can help kitchen retailers win more sales, increase order values and bring forward purchases. A recent survey commissioned by CCS shows 56% of […]