Stagemount Limited
Financial Ombudsman decision DRN-4073380 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Fri Jun 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 P complains that Stagemount Limited trading as Quid Market (Quidmarket) gave him loans without carrying out proper affordability checks.Irresponsible lending
Quid Market issued its final response letter (FRL). In summary, it said it had carried out proportionate checks which showed these loans were affordable. Although, Quid uphold the complaint, as a gesture of goodwill it offered to remove these loans from Mr P’s credit file.Credit file reporting
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4073380.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.