Novaloans Ltd.

Financial Ombudsman decision DRN8392508 Not upheld

Not upheldoutcome, as published by the Ombudsman

—no sum stated

Fri May 13deadline 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, Complaint handling

In the Ombudsman’s words

Mr S complains that Novaloans Ltd. didn’t properly consider his financial circumstances and lent him money that he couldn’t afford to pay back.Irresponsible lending

He said that Novaloans didn’t reply to his complaint.Complaint handling

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN8392508.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.