Motor Loans R Us

commission disclosure policy

Motor Loans R Us (Caravan Loans R Us, Motorhome Loans R Us and Motorbike Loans R Us) are trading names of Tangerine Media Limited. Tangerine Media Limited abides by the Financial Conduct Authority (FCA) rules regarding the disclosure of commission.
 
Introduction
 
We receive our income through our panel of funders for the introduction of customers who are consumers, sole traders or small partnerships and who use our services resulting in the entering into an agreement which is regulated by the Consumer Credit Act through our panel of funders.
 
The FCA expects regulated firms to ensure that customers are aware of the existence and amount of any commission before the credit agreement is entered into if any of the following apply: from the customer’s perspective, the commission could have unduly influenced the broker into recommending or offering a particular product knowing about the existence or amount of the commission would materially impact the customer’s decision in entering the credit agreement the customer has formally requested details of the commission.
 
What are we required to disclose?
 
We are required to disclose the existence of commission and upon request the amount of commission we receive for the introduction of a Credit Agreement. When can a customer request this?
 
A Customer may ask for commission disclosure at any time from our initial discussions through to the point when their agreement is set live. In line with our company policy, all a commission disclosure shall be provided within 5 business days.
 
How do I request a commission disclosure?
 
If you would like Motor Loans R Us to disclose any commission, please make your request to:
 
Email : finance@motorloansrus.co.uk 
 
Telephone: 01917162656
Arc Cars (north east) ltd t/a Motor loans r us is a credit broker that works with other credit brokers and selected lenders. We may receive payments from lenders for displaying financial offers or commission for regulated credit agreements as a result of our credit broking process with our customers.
 arc cars (north east) ltd is authorised and regulated by the Financial Conduct Authority, Firm reference number 652464. The Financial Ombudsman Service is an agency for arbitrating complaints between regulated firms and their clients. Full details of the FOS can be found on the website at www.financial-ombudsman.org.uk.
 
REGISTERED ADDRESS: UNIT 1a STADIUM INDUSTRIAL PARK, Felling Bypass, Gateshead, Tyne And Wear, NE10 0XF
 
VAT registration :198903945. ICO : ZA155494
 
Call us: 0191 716 26 56
 
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