Ombudsman chooses it could have a look at pay day loans over 6 years of age

Ombudsman chooses it could have a look at pay day loans over 6 years of age

The Financial Ombudsman (FOS) has posted in September 2018 two choices involving payday advances over six years of age:

  • Mr H has reported about fifty-four pay day loans Lender C lent to him between March 2010 and September 2014.
  • Mrs W’s grievance is mostly about nine short-term loans from Lender D between November 2009 and July 2012.

Both in instances FOS has determined that its guidelines do let it give consideration to complaints about loans over six years of age. Simply because the consumer in each situation has made the issue within 36 months of finding out they are able to grumble.

They are essential choices

Both of these situations are posted into the Technical area of the FOS web site, that your FOS defines because:

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