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MONEYBARN NO.1 LIMITED
Financial Ombudsman decision DRN-6225457 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Wed Jul 15deadline 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
He has also complained that the conditional sale agreement was unaffordable to him from the outset.Irresponsible lending
He’s said that Moneybarn failed to disclose the commission that it paid to the credit broker that introduced his businessProduct mis-sold
Rules cited
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-6225457.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.