MMF/Lantern - Court Action threat?

[Flexto]

Hello guys. I need some help.

I received this email below from lantern. I have received emails from them over the years about this same debt but I do not know which payday loan debt this is in relation to as it doesn't even say. I'm thinking maybe pounds to pocket. I'm pretty sure this is in relation to paydays loans I took out in 2012.I need some advice because my credit rating is shot and I need to try and get it back into the green.

My question is;

1) Should I finally make contact with them and ask them what this debt is in relation to? What should I say?

2) Would this debt be statute barred?Is something statute barred from your last payment to the company or from when they put a default on your file + 6 years today date? I've checked my credit report and there doesn't seem to be any defaults which match this sum. I took out a few payday loans between march 2012 and july 2012. There might be an odd one in 2013.

3) Are lantern serious about taking me to court? My last known address was 10yrs ago and my current address isn't listed on my credit report so if they did take me to court the court papers would go to my old address and I would never get them.

Having a CCJ against me would cause me alot of problems in my career, so I really don't want that.

4) Should I just carry on ignoring them?

5) I probably shouldn't have gotten this payday loan and I know they can be written off with some companies.

I could probably make some monthly payment towards it every month if need be as I got myself into this mess but am looking at all my options.

Should I contact them about it being written off?

Any other advice on what action I should take?

Al help appreciated, thank you.



CURRENT OUTSTANDING BALANCE: £1400.11

Dear xxxxx


Our efforts to contact you are becoming exhausted as we have made several attempts to offer you a repayment solution and even a discount. In light of this we are preparing your account for one of the following possible actions:

• Legal Assessment – your account may be sent to our Legal partners who will assess your account to determine if legal action is suitable. If they consider this to be the most appropriate action we will inform you of the next steps. You should be aware that there may be additional costs in the event that legal action is taken.
• Assignment of your account to our field agents, Resolvecall who will visit you at home to arrive at a solution
• Assignment of your account to one of our external debt recovery partners, BPO Collections Ltd or Tenron Credit Management Ltd.

We consider the above to be a last resort, and hope they will not prove necessary, but without speaking to you we are running out of options. You still have time to set a plan with us if you contact us within the next 7 days.

Please click for a payment mandate should you choose to pay b debit or standing order for your completion.
Just to remind you, you can now manage your account online by visiting If you prefer you can email us at or call us on: 0113 887 6876 to speak to one of our agents. The details needed to set your plan are:

1. Date of 1st instalment
2. Amount of instalment
3. Frequency of payments
4. Preferred method of payment

Please ensure that your priority bills are up to date for example rent utility bills, council tax to make sure your payment is affordable. Information pertaining to this account may be registered with credit referencing agencies, this information may then be used by future lenders, landlords and employers and may affect your ability to secure credit in the future.

Yours sincerely

Lantern

[warwick65]

Who know s what they will do they are a law unto themselves

As for the value not equating to what the default balances are- well that is not unusual. It might depend on when it was last reported on and who by or if they have tried to sneak extra charges

If they want a CCJ they would need to issue a letter before action and a claim form , have you lived at the same address since you took out the loan?

It is difficult to know what to advise if they are not writing to you at home but they may well try to take you to court, they have been quite prolific recently

having said that you might want to look at affordability complaints to all the payday lenders you used

[Flexto]

Who know s what they will do they are a law unto themselves

As for the value not equating to what the default balances are- well that is not unusual. It might depend on when it was last reported on and who by or if they have tried to sneak extra charges

If they want a CCJ they would need to issue a letter before action and a claim form , have you lived at the same address since you took out the loan?

It is difficult to know what to advise if they are not writing to you at home but they may well try to take you to court, they have been quite prolific recently

having said that you might want to look at affordability complaints to all the payday lenders you used

Thanks for the reply.

Nope, I haven't lived at the address they have in a very long time and my current address isn't on my credit file.

I've seen lately they have been going through with CCJs against people with even less of a balance than myself, so it is concerning that they might send a letter of intent for a CCJ at my old address and go through with the CCJ and I wouldn't even know about it. Thus I am wondering what the best option is to go about this.

Well lantern/MMF isn't a payday loan company. They buy defaulted loans, so I don't see why they would care about any affordability complaint about this loan?

I think I probably only owe around 3 or max 4 pay day loan companies any money from 2012. I'm sure half of those are about to be statute barred.

[warwick65]

I was think the affordability complaints to the original creditors not mmf.

I fear you may be further from SB than you hope. Often they seem to wait 90 days from the date of the first missed payment.

I'm not saying I agree just a fact.

If you do feel the accounts are near SB maybe a Cca request is a possibility but that means telling them where you are.

I am in a similar position with payday loans but I took them on head on and many were closed or written off