Lloyds Bank PLC

Financial Ombudsman decision DRN1727927 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Thu May 05deadline 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, Treatment in financial difficulty

In the Ombudsman’s words

Lloyds didn’t undertake a proper evaluation of the underlying business proposal.Irresponsible lending

C’s original intention had been to borrow the money over a longer term than Lloyds offered. The shorter term resulted in higher payments. This quickly led to difficulties, and the bank wasn’t helpful in dealing with the situation.Treatment in financial difficulty

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN1727927.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.