Blue Motor Finance Limited

Financial Ombudsman decision DRN-4812480 Upheld

Upheldoutcome, as published by the Ombudsman

£16,085redress stated in the decision

Tue Jul 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 S complains that Blue Motor Finance Ltd (BMF) didn’t sufficiently check he could afford to sustain the repayments of a hire purchase agreement he entered into with them.Irresponsible lending

Remove any adverse information recorded on Mr S’ credit file regarding the agreement.Credit file reporting

Rules cited

FCA CONC (Consumer Credit sourcebook)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4812480.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.