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Consumer Credit Licence Query

Scottish Trust Deed Forum

Last Post by TDA (Debt Adviser) 15 years ago

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daveLee

(@davelee)

New Member

Joined: 15 years ago

Posts: 2

Topic starter 13/06/2011 8:40 pm

Hi Guys,

I am thinking of starting a new business and was wondering if i can still apply to the OFT for a consumer credit licence being in a trust deed?

thanks for any info

Dave

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TDA (Debt Adviser)

(@tda-debt-adviser)

Illustrious Member

Joined: 17 years ago

Posts: 13594

13/06/2011 10:50 pm

Hello daveLee.

I'm not aware of anything in connection to the issue of a Consumer Credit Licence by the OFT that would be specifically exclude permission being granted due to being in a trust deed.

They will consider all of the factors, referenced in the application form, that they consider to be relevant to your "fitness" to carry out the activities for which you are applying to be licensed.

I do know of individuals that have remained licensed despite having put themselves through similar debt relief procedures and having made the OFT aware of them.

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