Web Loan Processing Limited

Financial Ombudsman decision DRN7922157 Upheld

Upheldoutcome, as published by the Ombudsman

£3,130redress stated in the decision

Thu Oct 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

Mr D complains that Web Loan Processing Limited trading as Toothfairy Finance (Toothfairy Finance) lent to him irresponsibly.Irresponsible lending

Toothfairy Finance should also remove any adverse information relating to the loans from his credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN7922157.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.