Evolution Lending Limited

Financial Ombudsman decision DRN-4816541 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Mon May 13deadline 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

In the Ombudsman’s words

Mr O complains that Evolution Lending Limited (“Evolution”) lent to him irresponsibly as he had a low income at the time he took out his secured loan and his outgoings – including other debts – made the loan unaffordable.Irresponsible lending

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4816541.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.