Bumper International has received FCA authorization for consumer credit lending in the UK, expanding their services beyond buy-now, pay-later. The company plans to launch PayLonger, allowing customers to pay off larger car repair bills over time. CEO James Jackson emphasizes responsible lending and flexibility for customers facing significant expenses.

Bumper’s service allows vehicle owners to find service partners by entering their details. Customers can apply for up to £5,000 in credit for repairs, with instant decisions and a unique code for approved users. Payment plans are set up during booking, with various payment options available to suit customer needs.

The approval from the FCA enables Bumper to offer credit lending in the UK, giving customers more flexible options for car repair financing. The company’s focus on responsible lending and consumer protection is highlighted as they prepare to launch new credit products like PayLonger. CEO James Jackson sees this as a milestone for Bumper’s growth and customer support initiatives.

Read more at Yahoo Finance: Bumper gains approval from FCA for credit lending in UK