MEM Consumer Finance Limited

Financial Ombudsman decision DRN6536127 Upheld

Upheldoutcome, as published by the Ombudsman

£150redress stated in the decision

Mon Jun 27deadline 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

I think that the lending on and after that date was irresponsible.Irresponsible lending

remove all information on Mr S’ credit file relating to the second and all subsequent loansCredit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN6536127.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.