Lending Stream

[Natty]

Re: Lending Stream

SnV,

I have just received a response to my last email from the FOS person. They have just returned from leave. If you remember I sent them an offer of £66 providing all charges and interest is frozen. Since then I have sent a further letter to LS:

Hi Natty

Thank you for getting back to me. I can ask Lending Stream to contact you to discuss this with you and get this set up. Please could you confirm if you want the complaint investigated further or if you are happy for it to be closed once a payment plan has been agreed?

Kind regards,

[nanna58]

Re: Lending Stream

Doing well Natty getting great ignoring skills xx

[SaltnVinegar]

Re: Lending Stream

Right, I thought it was P2P was the company who had a forwarding address?

I know LS have an addresss and office as the FOS are in contact with them? Or I am wrong?

I have sent the LS letters to:

2 Camrose Avenue, Edgware, Middlesex HA8 6EG

Its a forwarding address - to my knowledge there is at least another 3 or 4 short term lenders registered to the same address

Lending Stream are actually based in Deleware in the US (like many other PDL companies).

The FOS will more than likely have had communication with them via email, or possibly the phone.

[Natty]

Re: Lending Stream

Right, I thought it was P2P was the company who had a forwarding address?

I know LS have an addresss and office as the FOS are in contact with them? Or I am wrong?

I have sent the LS letters to:

2 Camrose Avenue, Edgware, Middlesex HA8 6EG

[SaltnVinegar]

Re: Lending Stream

Thought as much! Just keeping you updated.

They should have received my letter yesterday, which as you know will be the 2nd recorded delivery.

Yes, remember though that its just a forwarding address - so its not likely to get to their US office for another week or so. Important thing is that you can demonstrate that you sent letters to this office.

[Natty]

Re: Lending Stream

Thought as much! Just keeping you updated.

They should have received my letter yesterday, which as you know will be the 2nd recorded delivery.

[SaltnVinegar]

Re: Lending Stream

Just received this via text:

Your LENDINGSTREAM loan payments are now over 2 weeks late.Avoid added interest charges,fees and further damage to your credit rating!Pay now:

Ignore it Natty - its another automated thing

[Natty]

Re: Lending Stream

Just received this via text:

Your LENDINGSTREAM loan payments are now over 2 weeks late.Avoid added interest charges,fees and further damage to your credit rating!Pay now:

[CleverClogs (RIP)]

Re: Lending Stream

They do have a 'UK Address' for 'serving papers' though its nothing more than a mail forwarding service. I'm amazed that this loophole hasn't been shut down yet.

I agree, as that could mean the company has no assets in the UK against which a judgement debt incurred by the company could be enforced.

[Natty]

Re: Lending Stream

Thanks SnV, They should receive my letter today.

Over the past two days I have received 2 emails and a text advising all payments are due on Friday, arrears and this months payment.

[SaltnVinegar]

Re: Lending Stream

Letter has now been sent 1st class recorded delivery.

I am feeling a lot more positive today! Thank goodness.

Thank you for all your help.

Thats good to hear Natty.

Your letter now puts them on the back foot, regardless of what is happening with the FOS, as they have to respond.

If they do nothing they are in breach of the requirements of a company regulated by the FCA and that then gives you something to beat them up about, plus if they don't respond then in the highly unlikely event that they issued a claim it would look very bad on them as they would be in breach of pre-action protocol.

You need to do nothing now, and not worry about them, until you get a response to your formal complaint.

Best
SnV

[SaltnVinegar]

Re: Lending Stream

So you'd not suggest that the letter be passed to P2P's pet intellectual, who can actually read and write?

Thats making a big assumption that the person in the office who can do this is available and can fit the letter in to their "sit down for storytime" session just before their bedtime.

Not to mention one or more of the various Companies Acts, wherein they are required to have a UK address for service.

They do have a 'UK Address' for 'serving papers' though its nothing more than a mail forwarding service. I'm amazed that this loophole hasn't been shut down yet.

[nanna58]

Re: Lending Stream

Great you feel positive x

[Natty]

Re: Lending Stream

Letter has now been sent 1st class recorded delivery.

I am feeling a lot more positive today! Thank goodness.

Thank you for all your help.

[CleverClogs (RIP)]

Re: Lending Stream

What bullshit - online company or not they still have to follow the provisions of the Consumer Credit Act.

Not to mention one or more of the various Companies Acts, wherein they are required to have a UK address for service.