Madison CF UK Limited

Financial Ombudsman decision DRN4953311 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Sun Dec 20deadline 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

Mr G says it was irresponsible for the company to give him the loan as it should have been obvious he could not afford to pay it back.Irresponsible lending

18 Money should remove any adverse information recorded on Mr G’s credit file in relation to the loan from the date it was agree to the date of settlement.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN4953311.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.