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FirstRand Bank Limited
Financial Ombudsman decision DRN-4421768 Upheld
Upheldoutcome, as published by the Ombudsman
£8,646redress stated in the decision
Fri Dec 01deadline 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
In the Ombudsman’s words
Mr G complains FirstRand Bank Limited trading as Motonovo Finance (Motonovo) irresponsibly entered into a hire purchase agreement because he feels it didn’t carry out reasonable or proportionate checks to ensure the agreement was affordable.Irresponsible lending
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4421768.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.