Amigo Loans Ltd

Financial Ombudsman decision DRN-2511754 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Sat Jan 09deadline 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

Mr D is unhappy that Amigo Loans Limited (Amigo) gave him two loans in 2018. He said that if Amigo had completed more thorough affordability checks it would’ve seen that he wasn’t in a position to manage the repayments.Irresponsible lending

Amigo should remove any negative information recorded on Mr D’s credit file, regarding the loans.Credit file reporting

Rules cited

FCA CONC (Consumer Credit sourcebook)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-2511754.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.