Lloyds Bank PLC

Financial Ombudsman decision DRN-4513970 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Fri Feb 23deadline 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, Treatment in financial difficulty

In the Ombudsman’s words

Mr and Mrs K have complained that Lloyds incorrectly advised them to take the loanIrresponsible lending

Lloyds has charged no interest on the debt since the loan account was transferred to the bank’s recoveries department in 2012, and it has attempted to reach a settlement with Mr and Mrs K.Treatment in financial difficulty

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4513970.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.