Lantern and the default

[2 tone burns]

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 September 18, 2021 by dx100uk
spacing

[dx100uk]

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

 

dx

[2 tone burns]

December 2015 was the last payment 

[2 tone burns]

No sorry i meant October 2015 just looking thou bank statement records 

[fkofilee]

Whos the lender?

 

[2 tone burns]

Stride on finance was the lender 

[fkofilee]

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

Thanks for the info

[dx100uk]

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

[2 tone burns]

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? 

[dx100uk]

Have you moved since taking this loan out?

[2 tone burns]

Yes howevrr they have my father's address on record still and this is how I know? 

Yes however they still have my father's address and this is how I know? 

[dx100uk]

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?

 

 

[2 tone burns]

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? 

[dx100uk]

and it will reset the SB date too 

dont get fooled.

 

dx

 

[2 tone burns]

Thank you m will sit and wait to see what there next move will be 

[2 tone burns]

So an update Lantern has persisted with telephone contact and letter by post. Im wondering if i send them a prove it letter? 

[dx100uk]

No dont invite pointless letter tennis