Who do Lantern Debt Recovery work for? Should You Pay?
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.
Getting a letter from Lantern Debt Recovery might be a worry for you. You might feel tense about how to deal with this debt collector.
You’re not alone. Every month, more than 12,000 people visit this site looking for guidance on debt-related topics.
In this article, we’ll learn about:
- Who Lantern Debt Recovery is, and who they work for
- If you need to pay Lantern Debt Recovery and ways to lower your payments
- What happens when your debt is proven or not proven
- The actions Lantern Debt Recovery can take against you
- How to get in touch with Lantern Debt Recovery and the free debt help available
We know how hard it can be when you owe money; some of us have been in your place. Don’t worry: we’re here to help you find out more about how to deal with Lantern Debt Recovery.
So, who does Lantern debt recovery work for?
Lantern’s client list is varied and includes many well-known brands and companies. Here are just some of them:
- O2
- EE
- Virgin Media
They also collect debts on the following:
- Payday loans
- Council tax
- Defaults on court fines
- Unpaid private parking tickets
- Outstanding catalogue payments
Why would Lantern debt recovery contact you?
Lantern debt recovery may contact you over a debt you owe to another company. Or because they purchased the debt from the company and are chasing you themselves.
It’s worth noting that many debt collection companies buy older debts, some of which have passed their ‘sell by’ date. To clarify, these older debts may be statute barred and therefore, unenforceable!
How a debt solution could help
Some debt solutions can:
- Stop nasty calls from creditors
- Freeze interest and charges
- Reduce your monthly
A few debt solutions can even result in writing off some of your debt.
Here’s an example:
Situation
| Monthly income | £2,504 |
| Monthly expenses | £2,345 |
| Total debt | £32,049 |
Monthly debt repayments
| Before | £587 |
| After | £158 |
£429 reduction in monthly payments
If you want to learn what debt solutions are available to you, click the button below to get started.
Should you pay Lantern debt recovery?
Not before you check the debt is yours and that it’s not statute-barred. Only pay the debt when Lantern has provided written proof you owe the money.
Don’t agree, sign, admit or pay anything on the alleged debt until you’ve received written confirmation from Lantern.
Do NOT just accept their word for it!
Is the debt yours?
Next, you should ask Lantern to prove the debt is yours if it’s not statute-barred. Debt recovery companies must respect this request and provide authenticated proof. It could be a credit agreement or another contract you signed!
A debt is only enforceable when an authenticated copy of an original Consumer Credit Agreement can be produced!
It’s not good enough for Lantern to simply tell you about an owed debt!
Thousands have already tackled their debt
Every day our partners, The Debt Advice Service, help people find out whether they can lower their repayments and finally tackle or write off some of their debt.
Natasha
I’d recommend this firm to anyone struggling with debt – my mind has been put to rest, all is getting sorted.
Reviews shown are for The Debt Advice Service.
What happens if the debt isn’t proven?
If Lantern can’t provide hard evidence you owe on a debt, they should stop contacting you. In short, without proof, you can’t be made to pay!
You should write to the debt recovery company informing them the debt has passed its limitation period!
What happens when the debt is proven?
If, on the other hand, Lantern proves you owe the money, the next step is to:
- Seek free debt advice from one of the charities
- Provide Lantern with a debt settlement offer
A debt recovery company doesn’t have to accept your offer but they must consider it. Also, Lantern must allow you enough time to assess all your options. This includes what debt solutions are available.
» TAKE ACTION NOW: Fill out the short debt form
What action can Lantern take against you?
Things get complicated when you don’t respond to Lantern. First, you’d receive lots of messages about an owed debt. This could be followed by a Letter Before Action (LBA) which might be an empty threat. But it may not be too!
Debt recovery companies have the right to take you to court over an owed debt. They could advise their clients to do so if they’re acting on their behalf.
Sometimes the threat is just a tactic to scare you into paying. Other times, it’s not and a CCJ could be registered against you.
Moreover, enforcement agents could visit you and seize possessions to cover what’s owed! You may even end up with a court-issued attachment on your earnings!
How do you contact Lantern Debt Recovery?
You can contact Lantern Debt Recovery in several ways which I’ve listed here:
| By phone | 0113 887 6876 |
| By email | [email protected] |
| Website: | https://lanternuk.com/ |
| In writing | Lantern, Protection House, 83 Bradford Road, Leeds LS28 6AT |
| Complaints to the FOS | [email protected] |
