Mitsubishi HC Capital UK Plc

Financial Ombudsman decision DRN-4996739 Upheld

Upheldoutcome, as published by the Ombudsman

£25,000redress stated in the decision

Mon Sep 30deadline 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

He says he couldn’t afford the loan, and the repayments required made an already difficult financial situation worse.Irresponsible lending

Remove any adverse information about this loan from Mr W’s credit file once settled.Credit file reporting

Rules cited

FCA CONC (Consumer Credit sourcebook), Consumer Credit Act 1974

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4996739.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.