Why Does Sokudo Finance have it’s own credit licence and how does that help you?
Sokudo Finance have a current credit license with The Australian Securities & Investments Commission (ASIC). ASIC is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. This is really important to you as a consumer as it is not common for brokers to be registered directly. The Banks also report directly to ASIC.
With this license comes responsibility for Sokudo Finance to ensure they “follow all the rules” and do the right thing by you.
Mortgage and Finance Association of Australia (MFAA)
Sokudo finance is also a member of the Mortgage and Finance Association of Australia (MFAA) this is the industry body that assists in regulating the Finance broker Industry, requiring their brokers to be educated to a certain standard. Also Providing governance over their broker network ensuring professional development is maintained and up to date. Ensuring you get a Finance professional who delivers you quality advice.
