Lloyds Bank PLC

Financial Ombudsman decision DRN-5029435 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Mon Dec 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

Treatment in financial difficulty

In the Ombudsman’s words

Lloyds should have stopped providing the overdraft on the same terms and treated Mr N with forbearance rather than adding even more interest, fees and charges on the overdraft.Treatment in financial difficulty

Rules cited

Consumer Credit Act 1974

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5029435.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.