Commission Disclosure Policy
Last updated: 1st October 2020
Carcoo Limited is an appointed representative of Creditas Financial
Solutions Limited, Carcoo Limited abides by the Financial Conduct Authority
(FCA) rules regarding the disclosure of commission.
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
knowing about the existence or amount of the commission would
materially impact the customer’s decision in entering the credit
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
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 Carcoo Limited to disclose any commission, please make
your request to:
In writing: Teresa Jagger
Risk & Compliance Director
72 Otley Road
Telephone: 01943 873277
This Policy is effective as of 1st October 2020