Huge increase in complaints over credit rating

Huge increase in complaints over credit rating

Brand brand New report through the Financial Ombudsman provider reveal an 89% upsurge in the true amount of complaints about credit.

This included a 130per cent increase in complaints about pay day loans and a 360% rise in complaints about instalment loans.

As a whole, 50% of complaints about credit rating solutions had been upheld in 2018/2019, an increase that is slight the 47% upheld in 2017/2018.

The report also highlights a 20-point boost in the sheer number of upheld complaints about current records and packed bank reports.

Exactly what are clients complaining about?

While PPI-related complaints remain at high amounts with 46% of all of the complaints that are new the entire year 2018/2019 having a PPI connection, there were some significant increases in credit complaints. Read more