Moneybarn Limited
Financial Ombudsman decision DRN6670588 Not upheld
Not upheldoutcome, as published by the Ombudsman
£4,400redress stated in the decision
Mon Feb 08deadline 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
Charges and fees, Interest and rates
In the Ombudsman’s words
additional costs and fees incurredCharges and fees
He could not see how Moneybarn could be allowed to charge interest for the agreement’s full term, when it was terminated mid-way.Interest and rates
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN6670588.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.