Blemain Finance Limited

Financial Ombudsman decision DRN8445157 Not upheld

Not upheldoutcome, as published by the Ombudsman

£15,000redress stated in the decision

Fri May 01deadline 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, Charges and fees

In the Ombudsman’s words

Mrs C complains that Blemain Finance Limited gave her a secured loan that wasn’t affordable.Irresponsible lending

Blemain upheld their complaint and agreed that it hadn’t assessed whether Mrs C could afford the loan if her circumstances changed. It offered to refund nearly £10,000 of feesCharges and fees

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN8445157.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.