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commission disclosure policy

We receive our income from the introduction of clients to our carefully selected panel of lenders and/or authorised vehicle dealerships - From the supply of vehicles and/or the supply of ancillary goods and services.

 

Clients who are consumers, sole traders or small partnerships and who use our services resulting in the entering into an agreement through our panel of funders which is regulated by the Consumer Credit Act.

 

These regulated clients have a legal right to ask us to disclose the amount of commission that we receive.

 

What Are We Required To Disclose?

 

As an FCA regulated firm Evacrest Capital Limited wish to ensure that clients 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 client’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 client’s decision in entering the agreement

  • The client has formally requested details of the commission.

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We are required by the FCA 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 Client Request This?

 

A client may ask for commission disclosure at any time from our initial discussions through to the point when their agreement is set live. After this point we have no obligation to disclose what we have earned from transacting the deal. In line with our company policy a request for a commission disclosure shall be provided within 5 business days commencing the day after we receive and confirm a client’s commission disclosure request.

 

How May A Client Request This?

 

Clients may request the disclosure of commission by any means, over the phone, by email, or in writing. You may contact us by:

 

Phone: 07368 510219

 

Email: info@evacrestcapital.co.uk

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In writing to: Evacrest Capital Limited, 71-75 Shelton Street, London WC2H 9JQ

 

Evacrest Capital limited is a company registered in England and Wales. Registered number: 13409701.

Registered office: 71-75 Shelton Street, London WC2H 9JQ   

Data protection registration no: ZB089254

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Evacrest Capital Limited is authorised and regulated by the Financial Conduct Authority Firm reference number 952499..

We are a credit broker and not a lender. we are able to introduce you to a limited number of finance providers and their finance products which may have different interest rates and charges. We are able to provide credit broking for consumer hire agreements or consumer hire-purchase agreements. We are not an independent financial advisor. we will provide details of products available from the finance providers that we work with subject to your personal circumstances, but no advice or recommendation will be made.We do not charge a fee for our credit brokering services provided to you, however the finance provider we introduce you to, we will typically receive commission from them, this will be either a fixed fee or a fixed percentage of the amount you borrow.The finance provider we work with may pay commission at different rates. However, the amount of commission that we receive from a finance provider does not have an effect on the amount that you pay to the finance providers under your credit agreement. finance is subject to status aged 18 and over. For more information regarding commission disclosure: please review our commission disclosure policy.

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