Consumer credit licence

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J
Julie_553
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Hi there I work for an estate agents and when we first started trading some 5 years ago as we were not sure what fields we would be covering at the time we took out a consumer credit licence. However we do no lending, we dont do mortgages or have anything to do with consumer credit. The only grey area is debt collecting. We collect rents under our normal letting and management responsibilities, if tenants get into arrears we try to collect the rent on behalf of our clients on our clients advice.

Is this classed as debt collection do you know under their criteria or would you say its only if you take on debts for others as a debt collector would or offer a debt advisory service just related to that, which we dont? Are you able to advise. I have spoken to the OFT and they have a booklet "Do you need a licence" and it does appear to be no to the licence apart from the rent collection/arrears duties which I am unsure about.

25/02/2010 00:00

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