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First Holiday Finance Limited

Financial Ombudsman decision DRN-6113591 Not upheld

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 Lender had not participated in a credit relationship with Mrs A and Mr R that was unfair to them because: o Although I was not convinced, based on the limited evidence provided, that the Lender had carried out the kind of checks it should have before lending to Mrs A and Mr R, there was a lack of evidence the loan had been unaffordable for them at the time.Irresponsible lending

Mrs A and Mr R complain First Holiday Finance Ltd (the “Lender”) has failed to honour a claim under Section 75 of the Consumer Credit Act 1974 (the “CCA”) and has participated in an unfair credit relationship with them under Section 140A of the CCA.Product mis-sold

Rules cited

Consumer Credit Act 1974, FCA CONC (Consumer Credit sourcebook), FCA DISP (Dispute Resolution)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-6113591.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.