Morses Club Limited
Financial Ombudsman decision DRN-3621910 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Fri Sep 30deadline 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 M complains that Morses Club PLC (Morses) didn’t carry out checks before it granted a loan which he couldn’t afford to repay.Irresponsible lending
Finally, Mr M says that the interest, fees and charges were excessive and even though he repaid the loan within the ‘cooling off’ period the loan is still showing on his credit file.Credit file reporting
Rules cited
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-3621910.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.