First Holiday Finance Limited

Financial Ombudsman decision DRN-5598099 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Wed Jul 02deadline 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, Product mis-sold

In the Ombudsman’s words

the credit relationship between them and the Lender had been rendered unfair to them within the meaning of Section 140A of the CCAIrresponsible lending

the Supplier had marketed or sold the Fractional Club membership to Mr and Mrs H as an investmentProduct mis-sold

Rules cited

Consumer Credit Act 1974, FCA DISP (Dispute Resolution)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5598099.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.