MONEYBARN NO.1 LIMITED

Financial Ombudsman decision DRN5771638 Not upheld

Not upheldoutcome, as published by the Ombudsman

£450redress stated in the decision

Thu Apr 23deadline 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

In the Ombudsman’s words

Moneybarn then realised that Miss A didn’t have a valid driving licence. As such she couldn’t be part of the agreement to borrow the money. Mr A didn’t meet the affordability requirements for the amount they’d wished to borrow alone so Moneybarn didn’t complete the finance.Irresponsible lending

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN5771638.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.