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Lantern and the default


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Recently a pay day lender sold a debt of mine to Lantern. However the default is almost up in December this year. Meaning it will be unenforceable?

 

Upon checking what Lantern has put on my credit report. Ive noticed that Lantern have shot themselves in the foot by putting the incorrect default date on the credit report. By almost 2 months.

 

Now my question is should I tell them this or should i just ride out the storm?

 

Also the pay day lender has closed the account they sold.

 

Any help would be appreciated? 

Edited by dx100uk
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a default reaching 6yrs doesn't render a debt unenforceable, when was your last payment date please?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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So almost statute barred

as long as you have not moved since taking this out and have not informed previously the OC or lantern of you correct and current address in writing ....you do nothing bar await if/when you get a letter of claim, which ofcourse give 30 days and by then it will be sb'd.

 

Dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Yes almost Stature Barred. Which means? So basically I wait and see what happens? 

21 hours ago, fkofilee said:

Interesting so its the Instalment Loan Company that Quickquid setup... 

Thanks for the info :)

Yes i believe so and is this a new 1 upon you guys? 

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Have you moved since taking this loan out?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

and thats the address you used upon application?

if so would you swiftly be alerted to any letter of claim in the small window they have left till SB?

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

That is correct. I see my father every other day. So definitely 

 

They have offered me a substantial discount to. Whixh makes me wonder if they know there is little chance of them recovering this? 

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and it will reset the SB date too 

dont get fooled.

 

dx

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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