Loan Logics Limited
Financial Ombudsman decision DRN2349132 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Mon Oct 03deadline 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
Miss P complains that a secured loan she holds with Loan Logics Limited was arranged irresponsibly.Irresponsible lending
the business also has a duty to treat consumers in financial difficulties fairly in any action it takes to recover an outstanding debt.Treatment in financial difficulty
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN2349132.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.