Lantern UK

Hi,

I’m in the process of clearing some old debts. In October I agreed to pay £1000 as a final settlement for an old car loan, a payment I made on the 31/10.

It meant that this November is very tight, no expenditure accept for essentials (i.e. beans on toast and travel to work) and I’ve taken a weeks leave to cut out train travel costs.

Anyway on the 25/10, Lantern UK/MMF emailed out of the blue offering me a ‘spooky’ settlement offer of £62.50 on a £250 debt (old payday loan) but it expired on the 31/10. I couldn’t afford to make the payment as well but I emailed them back explaining and offering to settle at the end of November for that amount.

However, this week I managed to sell a couple of bits on EBay and raised £84, literally everything I have until Friday... I contacted lantern and made the offer of £63 but they declined, I explained my situation but they kept saying the offer expired, So I offered £84 but they still declined.

They said the offer now is a 40% reduction meaning £150 and is available today only, which I can’t afford or I can set up a monthly plan to clear the full amount on Friday.

I’d struggle in a Christmas month to pay the full £250, and reluctant, if they were willing to accept £62.50 initially... how can it expire?

I have two larger debts (£419 & £338) to clear and in the process of doing so, which has stretched my budget to breaking point and the break from Lantern would have really helped.

I had previously requested my CCA, which they returned a copy of along with my postal order.

The debt itself drops off my credit file in Feb next year, so I really want to avoid getting a CCJ and extra costs.

Any advice on what to do, would be great

Thanks

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