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Vanquis Bank Limited
Financial Ombudsman decision DRN-5553186 Upheld
Upheldoutcome, as published by the Ombudsman
£500redress stated in the decision
Mon Jun 09deadline 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
Mr K complains that Vanquis Bank Limited lent irresponsibly when it approved his credit card application and later increased the credit limit.Irresponsible lending
Vanquis should also remove all adverse information recorded after March 2019 regarding this account from Mr K’s credit file.Credit file reporting
Rules cited
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5553186.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.