lending stream

[janes]

Hi

I stupidly took loans out with lending stream. I then had my hours cut and was unable to pay. I emailed them and asked not present direct debit as it would be rejected. they stil went ahead and made lots of withdraws at midnight for £3.00 even though I owe them £100

 

The bank phoned me and as I did not recognise the amounts put a stop on the card and my account. I have open another account but I am confused what do I do now.

 

Will they agree to a repayment plan over 1 year? Really worried they will start phoning me at work

[asmilecostsnothing]

Hi Janes,I had no calls from LS to my place of work they were one of the ones that didn't call, will probably get long term plan with them though they will try charge you for the privilege, or they use to. Their letters cost £12.00 so if you can avoid default do. I agreed to pay quickly and they wiped £62.00 in additional charges in lieu of quicker settlement and also gave me their bank details. Thanks Lending Stream, can't say anything bad about them as they could have passed me to Mucky Hall.

[renegadeimp]

Forget about their obscene charges per letter. If they want to play that game, tell them that you will charge them double their amount to read them.

[EBOY]

Just had a phone conversation with credit resource solutions ltd who are dealing with my lending stream account. I asked them to tell me how had been paid off my account so far. They told me there had been one repayment. I know this is completely wrong because they took 2 different payments without telling me in February.

 

The damning thing about lending stream is they appear to be deducting money from bank accounts and not updating their system. Something is very wrong with this company at the minute.

[renegadeimp]

Stop right there. NEVER EVER EVER talk to them on the phone. They will tell you a bunch of complete crap. As for something being wrong with the company, the whole business of PDL's is wrong. Not just "at the moment". They are purely legal loan sharks who can only exist because they are exploiting a loophole in the law.

 

In regards to payments from your account, if it ever goes before a court, and you can get notarized bank statements, thats all the proof you need.

[asmilecostsnothing]

Forget about their obscene charges per letter. If they want to play that game, tell them that you will charge them double their amount to read them.

 

Hee hee! I'd love to have done that but it was very much damage limitations at the time! and the £12 charge is okay'd apparently by the OFT (which brings me back to systems which fail people)

[renegadeimp]

The £12 may be ok. But then again so is charging them double as an "admin charge" to read and act upon the letters.

[PK2012]

Never take out loans from Lending Stream, first they are robbing B's and second every top up loan you take out is recorded as a new loan on your credit file. i had 600 points on experian file before I took out loans and after 9, I was left with less than 100 points- I spoke with experiean and they have said, LS wont tell you this as they want to make the money, that short loanis now recored on my file for 6 years!!!!!as 9 different loans, which looks bad

I have tried to speak with LS, but no one cares, they couldnt give a sh@@ never again will I use these companies, please be aware they are con men

[janes]

Hi

2 years ago I had severe depression and stupidly got in debt with payday loans. The worst was lending stream. I took out 4 loans with them. One after another mainly to pay back the repayment charges. When I could not pay they used CPA and took money from my account on one night went to bank try to go to my account 44 times to take £5.00 until bank froze account. They left me with no money and had to go without food for 2 days.

I have now complained to the FCO about them. I do not want them to write off the debt and happy to pay back what I borrowed and some interest but what they are asking will take me till I am 105 to pay back, They have now passed to MMF so expecting more and more threats and distress

 

 

Borrowed 200 paid 280 outstanding 326

 

 

Borrowed 300 paid 175 outstanding 768

 

 

Borrowed 215 paid 278 outstanding 289

 

 

Total borrow 715 paid back 733 still outstanding 1383

 

The interest rates on loans is 5387.8% APR

[janes]

As a foot note to above plea for help. I currently have a debt with Wong taken out 2010 still waiting to hear if they will write off as now with Debt management company. If they do will others also or make my case more complaint more crediable

[renegadeimp]

Why did you have no money for 2 days? Tell your bank to issue a full chargeback as 44 attempts is CLEARLY wrong.

[janes]

Why did you have no money for 2 days? Tell your bank to issue a full chargeback as 44 attempts is CLEARLY wrong.

 

I had no money and it took me a week to ask my family for help

The bank stopped after allowing 5 to go through but told me how many times the attempted to take money

[renegadeimp]

The bank can still issue a chargeback if it was an unauthorised transaction.

[janes]

Hi

 

i currently have a complaint with FOS against lending stream. I have an arrangement with them should I continue to pay it or wait for adjudication with FOS.

[dx100uk]

pay it

ifthe fos judge in your favour you could always claim the payments back.

 

 

what type of complaint - irresponsible lending?

if so they'll simply wipe the debt with no redress