Lending Stream Limited

Financial Ombudsman decision DRN5998237 Partly upheld

Partly upheldoutcome, as published by the Ombudsman

—no sum stated

Mon Feb 06deadline 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

Miss B complains that Lending Stream LLC shouldn’t have lent her money. She says it didn’t do enough to check that she would be able to afford to repay the loans she took and this led to her getting into financial problems.Irresponsible lending

And he recommended that all adverse information about loans 2 to 10 should be removed from Miss B’s credit file.Credit file reporting

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN5998237.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.