Mi Vehicle Finance Limited

Financial Ombudsman decision DRN-6112453 Upheld

Upheldoutcome, as published by the Ombudsman

£433redress stated in the decision

Wed Apr 22deadline 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 L complains that a hire purchase agreement with MI Vehicle Finance Limited, under which a car was supplied to him, was unaffordable and that it provided the credit to him irresponsibly.Irresponsible lending

When Mr L has paid the difference between those amounts to MI Vehicle Finance, it should ensure that any adverse information about the hire purchase agreement that it’s reported to the credit reference agencies is removed from Mr L’s credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-6112453.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.