Lantern is not a bailiff and although they can send debt collection field agents to your property, they are not allowed to enter without prior permission or remove any goods. If you ask them to leave, they must do so immediately.
What is Lantern on my credit report?
Lantern is a debt collection agency as such, its legal powers are no different from those of the original creditor who previously owned your debt. Lantern can (within reason) chase you for repayment of the debt, but they are not allowed to harass you or call you at unreasonable times (see below).
What is recovery of debt?
Debt recovery is when a loan—such as a credit card balance—continues to go unpaid, and a creditor hires a third party, known as a collection service, to focus on collecting the money. Debt recovery is important because it is directly correlated to your credit score.20 May 2020
Who do Motormile finance collect for?
Motormile Finance was a debt collection agency that bought debts from payday loan companies and other creditors.19 Jan 2022
What happens if I dont pay debt recovery?
By ignoring the debt collector, you are losing your opportunity to get a better settlement. The worst thing that can happen when ignoring the debt collector is that the original creditor or the collector may sue you. If you do not have a good defense, they will get a judgment against you.7 Aug 2020
What powers do debt recovery companies have?
Debt collection agencies don't have any special legal powers. They can't do anything different to the original creditor. Collection agencies will use letters and phone calls to contact you. They may contact by other means too, such as text or email.
Who Lantern debt recovery?
Who are Lantern Debt Recovery? Lantern Debt Recovery are a debt collection agency. This means that they collect debts on behalf of the company you originally owed them to. Lantern also buy 'bad debts' (debts which are seriously past due), from companies.
Who are Motormile Finance UK Limited?
Motormile Finance Uk Ltd is a Debt Collection Company and will chase you for payments if you have a debt with them or they are collecting a debt on behalf of another company. With an IVA you no longer have to deal with the debt companies alone, we manage the debts for you.
Who do Lantern debt collect for?
Lantern collects debts for a variety of well-known organisations and brands, including O2, EE and Virgin Media. Lantern also collects debts associated with payday loans, Council Tax payments, defaulted court fines, catalogues and parking tickets.