Credit and money lending - Licensing

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: Consumer credit, Consumer hire, Debit adjusting and debt counselling, Debt collecting, Credit reference agencies, Canvassing credit off trade premises