George Banco Limited

Financial Ombudsman decision DRN3037894 Upheld

Upheldoutcome, as published by the Ombudsman

£250redress stated in the decision

Fri Jun 14deadline 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

Mrs H has complained that George Banco Limited (“George Banco”) provided her with a number of unaffordable guarantor loans.Irresponsible lending

removing any adverse information recorded on Mrs H’s credit file as a result of loan one;Credit file reporting

Rules cited

FCA CONC (Consumer Credit sourcebook), Consumer Credit Act 1974, FCA DISP (Dispute Resolution)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN3037894.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.