We only carry out Business to Business debt collection and do not require a Consumer Credit Licence for this. Is it a requirement of the CSA for us to have a Consumer Credit Licence?
A. It is not essential for a CSA Member to hold a Consumer Credit Licence if the company in question only collects commercial debt, however it is desirable. If a company only collects commercial debt then that company will have to confirm and provide proof the CSA that this is the case. In the event that even one consumer collection occurred, this would be a breach of the CSA Code of Practice. All companies collecting debt must still abide by the OFT Debt Collection Guidelines whether they have a Consumer Credit Licence or not.
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