Elderbridge Limited
Financial Ombudsman decision DRN-5404334 Not upheld
Not upheldoutcome, as published by the Ombudsman
£130,052redress stated in the decision
Wed Jun 18deadline 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
Interest and rates, Product mis-sold
In the Ombudsman’s words
He also complains that the loan interest rate has been unfairly high.Interest and rates
Mr D complains that his second charge secured loan with Elderbridge Limited was mis-sold because no checks were carried out to ensure that he could afford it.Product mis-sold
Rules cited
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5404334.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.