Tandem Personal Loans Ltd

Financial Ombudsman decision DRN-4306350 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Thu Sep 21deadline 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

The PR have made an allegation which suggests the loan was provided irresponsibly. In particular that no affordability checks were undertaken by A or Tandem.Irresponsible lending

Mr H complains that Tandem Personal Loans Ltd (“Tandem”) unfairly declined his claims under sections 75 and 140A of the Consumer Credit Act 1974 (“CCA”) in relation to a timeshare product he purchased with a loan they provided to him.Product mis-sold

Rules cited

Consumer Credit Act 1974, FCA DISP (Dispute Resolution)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4306350.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.