Charlotte contacted her lender when she noticed repayments she had made to them were missing from her card account. The lender found the payments in another customer’s account and transferred them to Charlotte’s account. Charlotte was not satisfied with how the lender handled the matter, and she believed they had acted fraudulently.
Financial Ombudsman Service sees complaints ramp up as cost-of-living bites
Financial Ombudsman, Susan Taylor, is urging consumers to speak to their lenders as soon as they begin to struggle making loan repayments, as the free financial dispute resolution service sees a marked increase in complaints.
Unaffordable debt- lender writes off balance of loan
Financial Ombudsman service, Financial Services Complaints Limited (FSCL), has welcomed the decision of a lender to write off the balance of an unaffordable loan after a consumer found themselves unable to service their debt.