The credit world does not end on 31 December

Although QED Risk Services firmly believes that, pound-for-pound, most industry participants are best served getting their own Licence (especially now, while the requirements are relatively easy to meet), we are keen to emphasise that, if you are not ready to get your Licence yet, why don’t you wait and take care of it after the 31 December madness is over?

Chances are you have at least two options open to you – get your own Licence or become a Credit Rep of your aggregator.

So approach your aggregator and get made a Credit Rep. Then in 2011 when all the craziness is over and there are more assistance resources available again, then look at getting your Credit Licence.

For our 2010 broker-friends, QED Risk Services will be offering a third option in 2011 – becoming a Credit Rep under QED’s own Credit Licence, which it is applying for in 2010. This would ideally suit brokers that want strong compliance support and are not keen to become tied into their aggregator for Licensing. Watch this space!

Posted on: Friday, 26 November, 2010

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