Lantern 2016 debt

Hello, I am looking some advise, I was checking my credit score, and noticed a default from 2020 with Lantern. I sent an email with a provIt template, they came back with a CCA and a notice of assignment, this was dated 2020, I looked over the CCA, it’s from safetynet and it was taking out in 2016, I checked over my emails, and found an email from them I missed a payment in sept and oct, and the statement shows, my last payment was august 16, I checked back over credit rating and the default was added in 2020, 4 years after last payment? Also on the CCA, it doesn’t say amount I received or agreed to? My credit rating says £802. I am not in a position to pay this back, does anyone have any advice on we’re to go from here. 

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  • sourcrates
    sourcrates Posts: 28,522
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    edited 30 September 2023 at 3:47PM

    Four years is a long time to leave an account to default, you could dispute that with the original creditor, if they are still in business, and ask them to backdate it to within guidelines.

    I assume you do not otherwise dispute the debt, so you can either agree monthly repayments or if you can`t afford anything right now, tell them so, or you could ignore them and take any consequences.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • fatbelly
    fatbelly Posts: 20,215
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    edited 30 September 2023 at 4:28PM
    It sounds like they haven't been asking for money. They might now.

    Does what they sent you explain why you owe £802?
  • Hi, 

    no it just says I have a outstanding bill of £802, 

    This is what the CCA said, 

    Credit Limit: Your credit limit will be based on our assessment of what you can afford based on your circumstances and will be notified to you once the Agreement is signed. This limit may be varied to such sum as may from time to time be determined by the Creditor and you will be notified of any changes, This was on the 16/03/2016

    The the notice of assignment says this. This letter is to inform you that with effect from 25/09/2020 your account and associated loan agreement, together with all amounts owing by you thereunder (the Debt) has been assigned by us to Lantern Debt Recovery Services Ltd (Lantern). Whilst the conditions of your account will not change, you will be allocated a new reference number and Lantern will now administer your account. 

    The email I found was notice of sun of arrears sent 02/01/2020 and it stated 

    Under the Terms & Conditions of the credit agreement you were due to make minimum payments on 16/09/2016 and 16/10/2016 of ?45.49 and ?43.99. You failed to make these payments and are therefore in breach of the credit agreement. Arrears of ?802.97 are now due and outstanding. 



  • sourcrates
    sourcrates Posts: 28,522
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    Lantern have bought your debt, and are introducing themselves, basically you now owe them the money, and not the original creditor.

    Happens all the time.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Ok, thanks 
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