Iwoca Ltd
Financial Ombudsman decision DRN-5873469 Not upheld
Not upheldoutcome, as published by the Ombudsman
£57,000redress stated in the decision
Mon Jul 06deadline 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
and that the interest rate charged is extortionate.Interest and rates
W is a company. It complains that Iwoca Ltd mis-sold it a flexible loanProduct mis-sold
Rules cited
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-5873469.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.