Car Loans R Us 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 Car Loans R Us to disclose any commission, please make your request to:
Email: finance@carloansrus.co.uk
Telephone: 01917162656
Car Loans R Us is a Trading style of Tangerine Media Limited.
Tangerine Media Limited is registered in England and Wales under company number: 12247975. Registered office address: 4 Douro Terrace, Sunderland, Tyne & Wear, United Kingdom, SR2 7DX
Tangerine Media Limited Company (FRN - 958668) is an Appointed Representative of Future Car Credit Limited. Future Car Credit Limited is authorised and regulated by the Financial Conduct Authority (FRN 673990). We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow), this will not affect the rate you are offered or the amount you will pay back. The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers.
Tangerine Media Limited Ltd are registered with the Information Commissioners Office under registration number: ZB127788
The Financial Ombudsman Service (FOS) is an agency for arbitrating unresolved complaints between regulated firms and their clients. Full details can be found at www.financial-ombudsman.org.uk