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Commission disclosure policy

About us

Click Car loans Limited is an appointed representative of Creditas Financial Solutions Limited, Click Car Loans Limited abides by the Financial Conduct Authority (FCA) rules regarding the disclosure of commission.

Introduction

We receive our income through our panel of funders for the introduction of customers who are consumers, sole traders or small partnerships and who use our services resulting in the entering into an agreement which is regulated by the Consumer Credit Act through our panel of funders.

The FCA expects regulated firms to ensure that customers are aware of the existence and amount of any commission, before the credit agreement is entered into, if any of the following apply:

from the customer’s perspective, the commission could have unduly influenced the broker into recommending or offering a particular product

knowing about the existence or amount of the commission would materially impact the customer’s decision in entering the credit agreement

the customer has formally requested details of the commission.

What are we required to disclose?

We are required to disclose the existence of commission and upon request the amount of commission we receive for the introduction of a Credit agreement.

When can a customer request this?

A Customer may ask for commission disclosure at any time from our initial discussions through to the point when their agreement is set live. In line with our company policy all a commission disclosure shall be provided within 5 business days.

How do I request a commission disclosure?

If you would like Click Car Loans Limited to disclose any commission, please make your request to:

In writing:

Teresa Jagger

Risk & Compliance Director

72 Otley Road

Guiseley

LS20 8BN

Email:

compliance@creditas.org.uk

Telephone:

01943 873277

 

This Policy is effective as of 29/11/2019

Get in touch

0333 005 0001

0161 524 0941

Free phone between 9am - 7pm

Lines are open
enquiries@clickcarloans.co.uk

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The legal bit

Click Car Loans Limited is an appointed representative of Creditas Financial Solutions Limited, working as a credit broker alongside selected lenders and introducer appointed representatives (such as Car dealerships). We may receive payments from lenders for displaying financial offers or commission for regulated credit agreements set up as a result of our credit brokering process with our customers. Click Car loans Limited is registered in England and Wales.

Company Number 12727360. Registered address Bank Chambers, 93 Lapwing Lane, Manchester, United Kingdom, M20 6UR

Click Car Loans Limited is an appointed representative of Creditas Financial Solutions Limited. Creditas Financial Solutions Limited is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 661849. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk Working alongside selected lenders and introducer appointed representatives (such as car dealerships).

We are able to introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We may advise you on products subject to your personal circumstances, you are not obliged to take our advice or our recommendation. We do not charge a fee for our credit brokering services provided to you, however the lender we introduce you to we will typically receive commission from them, this will be either a fixed fee or a fixed percentage of the amount you borrow. The lender we work with may pay commission at different rates, however the amount of commission that we receive from a lender does not have any effect on the amount that you pay to the lender under your credit agreement. For more information regarding commission disclosure please review our commission disclosure policy disclosure

© Click Car Loans 2021