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Everyday Lending Limited

Financial Ombudsman decision DRN-2924870 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, Credit file reporting

In the Ombudsman’s words

Miss B and Mr M have complained that Everyday Lending Limited (“EDL” or “the lender”) was irresponsible to have agreed credit for them.Irresponsible lending

Miss B says that the loan is not showing accurately on her credit file because the monthly payments are shown as nil and the capital owed each month is increasing although she has made payments and reduced the debt.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-2924870.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.