MBNA Limited

Financial Ombudsman decision DRN-4034992 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Mon Apr 24deadline 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, Product mis-sold

In the Ombudsman’s words

he did not think that MBNA had properly assessed whether he could afford to repay the money he had borrowedIrresponsible lending

He says that he and his wife were misled about a timeshare arrangementProduct mis-sold

Rules cited

Consumer Credit Act 1974, FCA CONC (Consumer Credit sourcebook)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4034992.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.