MEM Consumer Finance Limited

Financial Ombudsman decision DRN7154888 Partly upheld

Partly upheldoutcome, as published by the Ombudsman

£1,400redress stated in the decision

Mon Sep 11deadline 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 P has said the loans weren’t affordable and were lent irresponsibly.Irresponsible lending

remove any adverse entries relating to these loans from Mr P’s credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN7154888.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.