Lending Stream

[Natty]

Re: Lending Stream

Well thats 6 months to the account becoming statute barred. It'll be interesting to see if the ombudsman has a different view but I wouldn't hold my breath.

It does however give you breathing space - LS should not pursue you for any payments while the investigation is ongoing, and if they do, then report that also.

As for P2P, well they are in breach of the requirements of them to respond to your complaint, and I doubt you'll hear from them now. Most likely thing now is they will sell the account to the Avarto Group (a bunch of debt collectors), and then we can immediately put them on the back foot too

SnV, I will be totally shocked if the Ombudsman sides with me. Yes I will not be holding my breath, but I will keep my fingers crossed.

The word debt collectors stresses me out! But I have got this far with your guidance and support. I am sure I can manage another hurdle.

Would P2P really sell my account to a DCA, even though they have sent me an email with their complaints procedure advising they are looking into my case? Mind you that was about 11 weeks ago now and I have not heard a dickie.

Thanks again for for sticking with me. It is now 7 months since I started this thread.

[SaltnVinegar]

Re: Lending Stream

Hi SnV,

I hope all is well with you.

I have received a letter from the FOS on Friday in relation to my Lending Stream case.

The letter basically says that my case is awaiting to be assigned to an Ombudsman, it mentions that I will have a response within 6 months and they will keep me updated on the progress of my case.

I guess it is just a waiting game.

Have a good week.

Warmest wishes

Natty

Well thats 6 months to the account becoming statute barred. It'll be interesting to see if the ombudsman has a different view but I wouldn't hold my breath.

It does however give you breathing space - LS should not pursue you for any payments while the investigation is ongoing, and if they do, then report that also.

As for P2P, well they are in breach of the requirements of them to respond to your complaint, and I doubt you'll hear from them now. Most likely thing now is they will sell the account to the Avarto Group (a bunch of debt collectors), and then we can immediately put them on the back foot too

[Natty]

Re: Lending Stream

Hi SnV,

I hope all is well with you.

I have received a letter from the FOS on Friday in relation to my Lending Stream case.

The letter basically says that my case is awaiting to be assigned to an Ombudsman, it mentions that I will have a response within 6 months and they will keep me updated on the progress of my case.

I guess it is just a waiting game.

Have a good week.

Warmest wishes

Natty

[Natty]

Re: Lending Stream

Yup definately - ball is now in their court, and Natty has control of the situation now. Hopefully this will be the end of it apart from the odd half-hearted threat-o-gram over the next few years.

Fingers crossed SnV

[SaltnVinegar]

Re: Lending Stream

You're in charge Natty xxx

Yup definately - ball is now in their court, and Natty has control of the situation now. Hopefully this will be the end of it apart from the odd half-hearted threat-o-gram over the next few years.

[nanna58]

Re: Lending Stream

You're in charge Natty xxx

[SaltnVinegar]

Re: Lending Stream

Thanks SnV. P2P seem to have just forgotten me. I have had no contacts chasing payment at all. Is this how they operate?

Yup this is what they do - as Pixie has mentioned you're now in the 'too difficult' pile, and as they have limited resources they will be concentrating on those they can bully easily. Enjoy the peace and quiet!

[Pixie]

Re: Lending Stream

Thanks SnV. P2P seem to have just forgotten me. I have had no contacts chasing payment at all. Is this how they operate?

I wouldn't be knowing Natty but it may just mean that you've gone in the "too difficult to deal with" pile Enjoy the peace and quiet.

[Natty]

Re: Lending Stream

Yes 8 weeks if the time limit imposed by the FCA to respond to complaints - they have not responded in this time limit therefore are in breach of this, and you now have another stick to beat them with should they contact you again (or sell the account).

The silence is only to your benefit not theirs so enjoy it!

Don't worry about LS and the FOS - ball is in their court you don't have to do anything.

Thanks SnV. P2P seem to have just forgotten me. I have had no contacts chasing payment at all. Is this how they operate?

[Natty]

Re: Lending Stream

Don't worry about it Natty.

Longer it takes them to respond, the more peace and quiet you have to enjoy!

Certainly don't chase them.

Thanks Oscar! I will not chase them.

[SaltnVinegar]

Re: Lending Stream

Not heard a peep from the FOS and still no news from P2P! They said I would have a response within 8 weeks, that was from the 30 April. It is the 1 August tomorrow.

Yes 8 weeks if the time limit imposed by the FCA to respond to complaints - they have not responded in this time limit therefore are in breach of this, and you now have another stick to beat them with should they contact you again (or sell the account).

The silence is only to your benefit not theirs so enjoy it!

Don't worry about LS and the FOS - ball is in their court you don't have to do anything.

[oscar]

Re: Lending Stream

Don't worry about it Natty.

Longer it takes them to respond, the more peace and quiet you have to enjoy!

Certainly don't chase them.

[Natty]

Re: Lending Stream

Hi Natty

Any news? (But of course no news is also good news )

Not heard a peep from the FOS and still no news from P2P! They said I would have a response within 8 weeks, that was from the 30 April. It is the 1 August tomorrow.

[SaltnVinegar]

Re: Lending Stream

Hi Natty

Any news? (But of course no news is also good news )

[Natty]

Re: Lending Stream

Hi Natty

I think the best thing to do is to wait and see what happens and then respond appropriately, I don't think its going to help you at the moment dwelling on 'what if's'.

Enjoy the peace and quiet for now as it allows you to focus on your homelife.

Just so you know, I'm away with work next week so may not be around, but if you do hear anything just update the thread. Remember nothing is going to require an immediate response at this stage and there are lots of other peeps here who can offer support.

Best
SnV

Morning SnV,

You know me always thinking ahead!

I have learned my lesson about being too keen to respond to any correspondence received.

I will wait and see what happens. You never know, I MAY just be surprised. But I am not holding my breath.

Yes I know without question I can count on the support of the peeps on this forum. I have said it since I joined this forum in January, the kindness and support of strangers shown to me has been unbelievable! I would not have got this far without all of you.

Have a a good weekend and I will keep the thread updated.

Warmest wishes

Natty