FSCS in-default register

Ideal Loans Limited

Declared in default13 January 2010FRN 314917

What this means for you

Because Ideal Loans 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

Ideal Loans Limited (FRN 314917) was declared in default by the Financial Services Compensation Scheme on 13 January 2010. The firm's product types are not specified in available records. Eligible customers of Ideal Loans Limited may be entitled to FSCS compensation, though the specific limit depends on the classification of products provided by the firm at the time of its default.

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.