Lending Stream Limited

Financial Ombudsman decision DRN9809217 Upheld

Upheldoutcome, as published by the Ombudsman

—no sum stated

Fri Jul 27deadline 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

In the Ombudsman’s words

Mr M complains that Gain Credit LLC (formerly Lending Stream LLC), trading as Lending Stream, made irresponsible lending decisions in relation to 29 loans from April 2015.Irresponsible lending

Rules cited

FCA CONC (Consumer Credit sourcebook), Consumer Credit Act 1974

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN9809217.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.