FSCS in-default register

Loan of Choice Finance Limited

Declared in default16 December 2009FRN 453040

What this means for you

Because Loan of Choice Finance Limited has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Loan of Choice Finance Limited (FRN 453040) was declared in default by the Financial Services Compensation Scheme on 16 December 2009. The firm's specific product offerings cannot be determined from available data. Eligible claimants may be entitled to compensation up to the FSCS statutory limits applicable to their product type, though the absence of documented product information limits clarity on entitlement thresholds.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.