Amigo Loans Ltd

Financial Ombudsman decision DRN1501102 Not upheld

Not upheldoutcome, as published by the Ombudsman

£11,857redress stated in the decision

Thu Aug 24deadline 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, Interest and rates

In the Ombudsman’s words

Mr M complains that Amigo Loans Ltd shouldn’t have granted him a loan as it was unaffordable.Irresponsible lending

He’s also unhappy about the amount he’s been repaying on the loan and the amount of interest.Interest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN1501102.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.