MEM Consumer Finance Limited

Financial Ombudsman decision DRN8463449 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

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

Miss G complains that MEM Consumer Finance Limited (trading as Payday UK) didn’t carry out proper affordability checks and irresponsibly granted her unaffordable payday loans.Irresponsible lending

To remove loans three to ten from Miss G’s credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN8463449.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.