Gain Credit LLC

Financial Ombudsman decision DRN7167044 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Thu Mar 21deadline 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

Lending Stream was irresponsible to lend to Ms P between June 2016 (Loan 10) and November 2017 (Loan 42)Irresponsible lending

all entries about loans 10 to 42 should be removed from Ms P’s credit fileCredit file reporting

Rules cited

FCA CONC (Consumer Credit sourcebook)

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN7167044.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.