Avantcredit receives FCA authorisation

AvantCredit has announced that it is now fully authorised by the Financial Conduct Authority (FCA). AvantCredit have operated in the UK since October 2013 and has issued more than 70,000 loans to date, totaling nearly £200 million. The full authorisation covers all of AvantCredit’s credit and lending operations and includes permissions for credit broking, debt collection and debt administration.

Raj Singh, Managing Director of AvantCredit said: “Full authorisation from the FCA is a significant step forward as we enter our next phase of growth. The customer is our number one priority and AvantCredit will always uphold the highest of standards and consumer protection policies. We are proud to be one of the first companies providing better access to affordable credit for middle-income consumers to receive this distinction.”