Hi dx, Yes she has moved about a year ago but had not received any communication from the administrators of Quick Quid until she received the email from Lantern last week.

Thanks for the reply dx100UK. I still don't get how Lantern can do this. Hypothetically, if I did a load of work for Quick Quid and they didn't pay me because they went bust I'd lose the money they owe me. Sure I'd be a creditor but highly unlikely to get anything back. So I'm at a bit of a loss to understand why when they go bust the situation isn't reversed? Sorry to appear a bit daft but it doesn't stack up. I still don't understand how a bankrupt company can sell off a debt and the buyer of that debt can pursuit her for it. The original contract was with Quick Quid not Lantern so why is it legal as you state for them to hound her for it for the full amount? It just doesn't sound right to me!

A friend of mine came to me for advice. She had a Quick Quid loan in 2018 where she missed a couple of payments. Then QuickQuid went bust and heard nothing. Now she has had an email from Lantern Finance demanding payment for the full amount. Not sure how to advise her as in my book Quick Quid were a paper asset only so is worthless therefore had no assets. Whilst the debt book might have been sold off surely the original contract is with a defunct company and either way if this buying of debt is legal then surely it must be for the reduced amount that the debt collector bought it for? Advise needed please as they are threatening to send someone in and she is terrified!