Advantage Finance Limited

Financial Ombudsman decision DRN9646271 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Fri Aug 14deadline 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

I think, had Advantage carried out reasonable and proportionate checks, it would have likely found out that Miss S couldn’t sustainably afford to repay the borrowing. It therefore shouldn’t have lent to her.Irresponsible lending

Advantage should also arrange for any adverse data in relation to this loan to be removed from Miss S’s credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN9646271.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.