Lending Stream Limited

Financial Ombudsman decision DRN4119334 Upheld

Upheldoutcome, as published by the Ombudsman

£1,900redress stated in the decision

Mon Dec 12deadline 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 R complains that Lending Stream LLC should’ve realised that the loans he took out with the company were unaffordable.Irresponsible lending

our adjudicator recommended that any adverse information relating to the third loan be removed from Mr R’s credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN4119334.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.