MONEYBARN NO.1 LIMITED

Financial Ombudsman decision DRN-2331510 Upheld

Upheldoutcome, as published by the Ombudsman

£580redress stated in the decision

Fri Mar 19deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Irresponsible lending, Credit file reporting

In the Ombudsman’s words

I do find that Moneybarn was irresponsible to have agreed credit for Mr G on this occasion.Irresponsible lending

Remove all adverse information about this agreement from Mr G’s credit file once the agreement is settled.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-2331510.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.