Consumer credit

We check that traders who offer credit are licensed and act responsibly when dealing with lenders, credit adverts don't mislead, and lenders get full and accurate information about loan agreements.


Companies and individuals have to be licensed to operate a credit or hire-related business. Those running unlicensed credit businesses are often little more than "loan sharks" and are liable to face prosecution.

Trading Standards Officers regularly give advice on credit-related issues and are also responsible for enforcing controls on the content and form of advertisements regarding credit terms.

To find out more, please visit the Citizens Advice website (opens in a new window).