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London Community Credit Union Limited

Financial Ombudsman decision DRN-2347957 Upheld

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, Charges and fees

In the Ombudsman’s words

Mr P complains that London Community Credit Union Limited (“LCCU”) irresponsibly sold him a loan when he was in financial difficulty.Irresponsible lending

refund any additional fees or interest charged, which LCCU may use to reduce the remaining capital sumCharges and fees

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-2347957.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.