Credit card complaints hit all time high
1 March 2024
Our latest complaints data publication shows that perceived unaffordable lending has driven complaints relating to credit cards to their highest quarterly level.
Welcome to the latest edition of Ombudsman News. In this edition, we highlight our latest data, covering complaints about financial products and services between October and December 2023. We also share our online guidance for businesses about insurance complaints.
See our previous editions of Ombudsman News.
Sign up to our email newsletter to receive our latest news and insights directly to your inbox.
Our latest quarterly complaints data on financial products and services is now available. It shows that between October and December 2023/24, we received 5,660 complaints about credit cards – the highest-ever level for a three-month period.
The data includes the number of enquiries and new complaints we’ve received. It also includes the proportion of complaints we resolved in favour of consumers. The full data set is available on our website.
We publish information about our general approach to the complaints we see about credit products and services. We also set out guidance on our approach to complaints we see about the affordability of the lending, or the quality of goods bought with credit.
If you’re involved in resolving complaints, on our website you'll find out more about the cases we see and how we resolve them, with examples that illustrate our approach.
Ombudsman Director, Rachel Lam, was interviewed this week by Insurance Post and attended the Association of British Insurers (ABI’s) annual conference to talk about our role.
Rachel shared knowledge and experience of resolving complaints about insurance. She discussed flood damage, subsidence, and other topical issues such as insurance pricing and motor insurance.
If you’re handling complaints about insurance, the guidance notes on our website may help you handle your cases quickly and efficiently.
1 March 2024
Our latest complaints data publication shows that perceived unaffordable lending has driven complaints relating to credit cards to their highest quarterly level.
7 March 2023
Welcome to the latest edition of Ombudsman News. In this edition we highlight the role of the Business Support Hub, the new name for our helpline for financial businesses and consumer representatives. We also share our latest data, covering complaints about financial products and services.
15 February 2023
The Financial Ombudsman Service has published its complaints data on financial products for October – December 2022 (Q3).