Lending Stream

[Natty]

Re: Lending Stream

Hi Natty

Any news? Has there been any response from the FOS/LS?

Best
SnV

Hi SnV,

I am so sorry I have not been in touch, I have had a bacteria stomach infection and have been quite poorly.

I have been in touch with LS and they agreed to waive four of the five loans. I am left with one loan which they have waved all interest. So I am just paying back the £870 I borrowed @ £30 per month. Although I wish they would have waived all loans I am pleased with the result.

I have still not heared anything from P2P. This is since May when they sent me a copy of the complaints procedure, and advised I would have a response within 8 weeks.

I hope all is well with you.

warmest wishes
Natty

[SaltnVinegar]

Re: Lending Stream

Hi Natty

Any news? Has there been any response from the FOS/LS?

Best
SnV

[TibetanMonk]

Re: Lending Stream

Thanks everyone for the continued support.

SnV, I emailed them this afternoon again and I have now recieved a response. They have advised they will contact LS tomorrow to see if they will lower the required amount that they set in January.

I will update you as soon as I have a response.

Warnest wishes Natty

Hey Natty,

Just wanted to say you've done the right thing in coming here for help! I stumbled across this forum and luckily I've made some great friends here. Namely one of which is SnV. I ignored my debt with a PDL company and they're taking me to court and I worried initially, however, Niddy, SnV & PlanB have been amazing with helping me sort it so you taking every bit of advice and acting on it is great!

I hope your Dad is okay and I'm here if you ever need a chat

TM

[Natty]

Re: Lending Stream

Thanks everyone for the continued support.

SnV, I emailed them this afternoon again and I have now recieved a response. They have advised they will contact LS tomorrow to see if they will lower the required amount that they set in January.

I will update you as soon as I have a response.

Warnest wishes Natty

[SaltnVinegar]

Re: Lending Stream

Hi SnV,

I sent an email to the Ombudsman on Sunday. I am concerned that I have still not received a response. The 30 October is fast approaching. What shall I do?

kindest regards

Natty

As long as you've responded then you're fine. If you're concerned then just drop them a quick email to just check, but you've done what you needed to do.

- - - Updated - - -

I would go as far as the trigger figures will allow you to put extra money in your pocket.

I have completed this recently, and made sure I was just under the maximum amounts - your creditors cannot argue if you are within the limits

Yup thats why they're there - no subjectiveness, no arguments

[oscar]

Re: Lending Stream

Hi Natty

Also, you need to get started on putting together an accurate I/E form. I'd suggest using the following on the NEDCAB website:

https://nedcab.cabmoney.org.uk/quickfs.asp

Remember, be brutal, and don't underestimate your expenditure. The tool will tell you if you are over the trigger figures, so you can play about with it a bit to give yourself a little bit of breathing space.

Let me know if you need any help

I would go as far as the trigger figures will allow you to put extra money in your pocket.

I have completed this recently, and made sure I was just under the maximum amounts - your creditors cannot argue if you are within the limits

[oscar]

Re: Lending Stream

I really wouldn't let it worry you Natty.

You have done what they have asked.

[cymruambyth]

Re: Lending Stream

You have sent your reply within the deadlines; they may well be busy or away so try not to worry.

[Natty]

Re: Lending Stream

Hi SnV,

I sent an email to the Ombudsman on Sunday. I am concerned that I have still not received a response. The 30 October is fast approaching. What shall I do?

kindest regards

Natty

[Natty]

Re: Lending Stream

Hi Natty

Also, you need to get started on putting together an accurate I/E form. I'd suggest using the following on the NEDCAB website:

https://nedcab.cabmoney.org.uk/quickfs.asp

Remember, be brutal, and don't underestimate your expenditure. The tool will tell you if you are over the trigger figures, so you can play about with it a bit to give yourself a little bit of breathing space.

Let me know if you need any help

Thanks SnV, I will give you a shout if I get stuck.

[SaltnVinegar]

Re: Lending Stream

Hi Natty

Also, you need to get started on putting together an accurate I/E form. I'd suggest using the following on the NEDCAB website:

https://nedcab.cabmoney.org.uk/quickfs.asp

Remember, be brutal, and don't underestimate your expenditure. The tool will tell you if you are over the trigger figures, so you can play about with it a bit to give yourself a little bit of breathing space.

Let me know if you need any help

[SaltnVinegar]

Re: Lending Stream

Do I contact the FOS via email and advise them of this, as their final decision is to enter into a payment plan of £110 per month?

Their final decision was based on what you told them you could afford at the time - this was in January!

As your circumstances have changed, what you do is tell them that you would like to consider their suggestion, but that your financial circumstances have changed, and you would like to offer a monthly payment based on the common financial statement that you have come up with your debt advisor.

If you want to put together the email, post it here and I'll be happy to review it before you email it over.

[Natty]

Re: Lending Stream

Well its likely nothing will happen for a few weeks, then you'll start getting the odd letter or two, but they will be automated threat-o-grams. They may sell the account without telling you, but they, or the debt purchasor, must then send you something called a Notice of Assignment. This is an important legal step, which if they do not, could land them in trouble later down the line.

Decisions! Decisions! I need to decide quickly what I need to do.

Ok SnV I am going to go with a revised payment offer, I feel that at this moment in time this is the option I am most comfortable with.

Do I contact the FOS via email and advise them of this, as their final decision is to enter into a payment plan of £110 per month?

Thank you for being soooooo patient with me, you have been unbelievable these past 10 months.

[SaltnVinegar]

Re: Lending Stream

If i do not respond to the FOS will LS contact me right away chasing payment or will they sell the account without any contact with me?

Well its likely nothing will happen for a few weeks, then you'll start getting the odd letter or two, but they will be automated threat-o-grams. They may sell the account without telling you, but they, or the debt purchasor, must then send you something called a Notice of Assignment. This is an important legal step, which if they do not, could land them in trouble later down the line.

[Natty]

Re: Lending Stream

Thank you for coming back to me so quickly.

I am going round and round in circles over all this. SnV I wish I was so much stronger and did not worry or stress so bloody much. I would just sit back and fight it then.

If i donot respond to the FOS will LS contact me right away chasing payment or will they sell the account without any contact with me?