MONEYBARN NO.1 LIMITED

Financial Ombudsman decision DRN-6179676 Upheld

Upheldoutcome, as published by the Ombudsman

£250redress stated in the decision

Mon Jul 13deadline 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

He’s said that the proper checks weren’t carried out and he was provided with finance that was unaffordable.Irresponsible lending

Moneybarn has accepted that it shouldn’t have reported a default against Mr E. As a result, it has agreed to remove the defaultCredit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-6179676.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.