Moneybox 24/7 has sold on debt - but I got a redress?
in Debt-free wannabe
4 replies 293 views
Hi there. Just wondering if this is right, or even legal...I took out a payday loan with Moneybox 27/4 way back, about 15 years ago. They should not have lent me money as I was not in a position to pay it back - but I was desperate with 2 small kids to feed and took a risk. Inevitably I was not able pay it all back before I got into difficulty and started a DMP, which included them, this is finished now but there was still a balance with Moneybox which I thought was written off as I know this company went into liquidation a couple of years ago. I was actually awarded a redress from Moneybox which I thought was for poor lending practices. This only works out at a few pence as a percentage of course and I have not seen any of it. However, I just had an email from Lantern who have apparently bought the remaining balance from Moneybox and are now threatening me with action and reporting to my credit file. I know they can' report as the default was over 6 years ago but the main question is - can they pursue me for the money? I thought if I got a redress then they were admitting to poor practice and had closed my account? I could be very wrong but hopefully one of you clever people will know the answer to this....many thanks!
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