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AAD Members Success against Lending Stream

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  • AAD Members Success against Lending Stream

    Hi All

    AAD Members are starting to see a lot of success with getting loans written off by Lending Stream. Arguments being used include irresponsible lending, not carrying out affordability assessments, lack of pre-contract information to name a few. Here are some recent threads:

    http://forums.all-about-debt.co.uk/s...-advice-please

    http://forums.all-about-debt.co.uk/s...ell-4-LS-loans

    http://forums.all-about-debt.co.uk/s...Lending-Stream

    I suspect that the lending practices of this company are under very close scrutiny right now. We first brought attention to this over three years ago (http://forums.all-about-debt.co.uk/s...Stream-Really-!), when the response by Lending Stream at the time was that the business practice of offering multiple loans was an 'isolated incident'.

    Well I think from the numerous threads on this show that this was not 'isolated' but business as usual for Lending Stream and I'm hoping that this trend for writing off loans continues........
    "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

    The consumer is that sleeping giant.!!



    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

  • #2
    Re: AAD Members Success against Lending Stream

    And a big thank you for all the time and effort that you put in to helping everyone.
    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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    • #3
      Re: AAD Members Success against Lending Stream

      I agree with Cym you are a star SnV
      "If wishes were horses, beggars would ride"

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