What kind of licencse does one need to become a certified money lender , such as the type of typical back of newspaper type loans , usually quite high interest.????

In message , Paulmw writes

There is no such thing as a certified money lender.

The advertisements to which you refer are placed by brokers who have a Consumer Credit Licence which allows them to find lenders for applicants wishing to borrow money.

I assume you have a huge wodge of dosh available?

Nah, at the "usually quite high" (i.e. usurious) rates he's no doubt thinking of charging, he can afford to borrow the requisite dosh on his credit cards...

Just wondering , i thought you would need some kind of license , i was thinking about lending money in my local area..

I thought you would need more than a advert , i thought there would be some thing that ment you could not lend money unless you was a member of this and that ...

You need a consumer credit licence, which you can get from the Office of Fair Trading. Provided you don't have a criminal record, that is usually quite easy to get.

In message , Paulmw writes

You need a consumer credit licence, generally only needed if you lend less than £25k to private debtors.

In message , Paulmw writes

NO, per loan transaction. BTW I am assuming you are only offering unsecured loans.

I am sure the companies who seem to control this kind of business will be delighted to find they have competition. They will probably call at your house very late at night to express their sentiments.