OFT helping Welcome/Compello/MKRR/MKDP/TraedPro beguile consumers

[Guest]

Please see my separate thread, this page.

I have taken the OFT to task in an e-mail today, for:-

- allowing Welcome to operate under multiple names and perform multiple functions under consumer credit licenses - INCLUDING keeping a credit reference agency (which one(s) is(are) that???)

- and giving said licenses despite Welcome's market abuse to tune of £200m in 2007

- and keeping a partially unusable public search register for consumer credit licenses re. unsearchable under trading name

- and being unable to state a 'definitive legal position' on CCA 1974 when they themselves are one of the powers operating in this field.

I may find it difficult to return to this thread, as this Welcome business is ridiculously time-consuming.
OFT MUST be held accountable.

[Guest]

Re: OFT helping Welcome/Compello/MKRR/MKDP/TraedPro beguile consumers

From OFT website
How much does it cost to get a new (consumer credit) licence or to renew one?

If you are a sole trader the total cost is £575, made up of:

• £435- Consumer Credit Licensing Fee
• £140 - CCJ Levy.

If you are a partnership, company or other organisations the total cost is £1215, made up of:

• £1075 - Consumer Credit Licensing Fee
• £140 - CCJ Levy.

There are different fees for:

• applying for group licences
• validating your agreements