Gain Credit LLC

Financial Ombudsman decision DRN-2695427 Partly upheld

Partly upheldoutcome, as published by the Ombudsman

—no sum stated

Mon Apr 19deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Irresponsible lending, Credit file reporting

In the Ombudsman’s words

Mr C has complained that Gain Credit LLC (trading as Lending Stream) gave him unaffordable loans.Irresponsible lending

Lending Stream placed defaults on Mr C’s credit file for loan 2, 3 and 4 although he only missed two repaymentsCredit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-2695427.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.