DCA – Case Closed: Unregulated Loan

We have received a response from your lender and can confirm that the loan is not covered by the Consumer Credit Act and it is not included within the scope of the FCA’s rules about commission disclosure therefore. This might be because the loan is a business loan or the vehicle is for business use, or in some cases it could be because it was a lease agreement as opposed to PCP or HP.

While this may not be the news you were hoping for, the journey may not be over yet and if the FCA change their view about this we will get back in touch.