Specialist Motor Finance Limited – Unaffordable Lending (DRN-5306877)

Financial Ombudsman Service decision DRN-5306877 involving Specialist Motor Finance Limited. Issue: unaffordable-lending. Finance type: Hire Purchase. Decision: Upheld. Year: 2025. Remedy: Refund anything paid above the cash price of £9,500; 8% simple yearly interest; Remove all adverse credit entries; Pay £500 for how SMF handled her financial difficulties.