If you have a complaint about a business that provides consumer credit – such as a payday loan, or home credit business – we can help.
How we handle complaints about credit and borrowing money
Every year we receive complaints from consumers about businesses who offer credit products and services. Consumer credit covers a wide range of credit, lending and borrowing – for example, payday loans, debt collection and home credit. We look at complaints about other types of lending and borrowing too, like mortgages.
We’ll look at the facts and circumstances of each complaint. We’ll listen impartially to both parties when deciding what’s fair and reasonable in the circumstances. We’ll take into account any relevant laws, regulations and codes of practice. And we’ll look at any supporting additional evidence, which may include reports from third parties or independent experts.
Once we’ve considered everything, we’ll set out our findings, explaining whether we think the business has treated you fairly, or not. If we think the business has treated you unfairly, we’ll set out what we think needs to be done to put things right.
How to complain
How long it takes
It currently takes around 5 months for us to allocate a complaint about credit and borrowing money to a case handler for review. We’re working hard to reduce this wait time, so you may hear from us sooner than this.
- Read more detail about overall timescales, including how Covid-19 is affecting complaint handling at financial businesses and at the ombudsman service.
- If you’re facing financial hardship or severe ill health, please let us know.
- If you’re experiencing financial difficulties, you may also find the Money Advice Service website useful, it contains a list of online debt advice services where you can get immediate and personalised help.
Information about Covid-19
For guidance specifically about Covid-19, please look at our dedicated page that contains information about complaints in relation to Covid-19.