Gain Credit LLC

Financial Ombudsman decision DRN-2724577 Partly upheld

Partly upheldoutcome, as published by the Ombudsman

£738redress stated in the decision

Mon May 24deadline 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 G complains that Gain Credit LLC (trading as Lending Stream) did not make appropriate checks when lending to himIrresponsible lending

Remove any negative information from Mr G’s credit file once the loan has been repaidCredit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-2724577.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.