Consumer Credit Act

Consumer Credit Act License Number: 543735

Why Does Shergroup and its related trading divisions need a Consumer Credit Act Licence?

Shergroup and its related divisions enjoys a Consumer Credit Act Licence under registration number 543735. For us, trading without a licence would amount to a criminal offence which could result in a fine and/or imprisonment. Needless to say we take our obligations to comply with the legislation extremely seriously.

Shergroup requires a licence specifically under the Consumer Credit Act 1974 to enable it to:

• collect debts in various ways through our trading divisions
• help people with debt problems wherever possible
• advise on people's credit standing using data and trends built on analysis of our SHERPA database
• trace individuals and businesses on behalf of clients to establish the whereabouts of debtors
• and as Authorised High Court Enforcement Officers we are required under the High Court Enforcement Officer Regulations 2004 to have such a licence
• For more information about the Consumer Credit Act please use the link to the DTI Fact sheet and DTI website at http://www.dti.gov.uk/ccp/topics1/facts/credit.htm

enquiries@shergroup.net