Lloyds TSB Bank Plc
Financial Ombudsman decision DRN8862766 Not upheld
Not upheldoutcome, as published by the Ombudsman
—no sum stated
Tue Oct 22deadline 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
In the Ombudsman’s words
Mr T complains that Lloyds TSB Bank plc did not make it clear, before he completed a balance transfer, that the amount transferred formed part of the balance on his credit card account. This meant he was charged interest when he did not clear his full balance at the end of each month.Interest and rates
Source
This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN8862766.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.