Zopa Limited

Financial Ombudsman decision DRN-5462842 Not upheld

Not upheldoutcome, as published by the Ombudsman

£6,000redress stated in the decision

Wed May 14deadline 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, Interest and rates

In the Ombudsman’s words

Mr O complained that the loan was lent, but it was unaffordable for him.Irresponsible lending

Mr O complains Zopa Bank Limited (“Zopa”) hasn’t given him 8% simple interest despite upholding his irresponsible lending complaint.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5462842.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.