Silver Cloud Loans Llp

Financial Ombudsman decision DRN7294831 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Mon Sep 28deadline 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, Product mis-sold

In the Ombudsman’s words

Ms T has no assets in the UK and says that the loan was not affordable to her – therefore, she says, Silver Cloud Loans acted wrongly in selling her the loan.Irresponsible lending

Ms T complains that a divorce litigation loan, from Silver Cloud Loans LLP, should not have been sold to her.Product mis-sold

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN7294831.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.