The Ultimate Guide to Lantern Debt Collectors

Have you been contacted by Lantern Debt Collectors? Are you unsure of what to do now?

Being in debt can be a daunting feeling, but we are here to help you through every step of the way.

With this Ultimate Guide to Lantern Debt Collectors, you will know exactly how to deal with your debt.

Speaking to one of our professional advisors can help you to write off up to 85% of your debt.

Did You Know You Can Write Off Up To 85% Of Your Debts?

Do I Qualify?

Who is Lantern Debt Collectors?

The Leeds-based debt collection agency was formerly known as ‘Motormile Finance’ as they dealt with car finance. Now, Lantern Debt Collectors deal with debt recovery.

Lantern works with other companies and reclaims the money back from the borrowers. Sometimes the business that employs this debt collection company will share some amount of profits with Lantern.

The majority of times, Lantern will purchase a debt instead of just chasing for another business as they will make a larger profit for themselves because they will attempt to gain the debt in full.

Why me?

If you have been contacted by Lantern Debt Collectors, there is a very high chance that they have taken on a debt that you owe to a different company.

You might not even think you had a debt, this happens a lot! It also could be a mistake, you may have had an old debt that you have in fact paid off or the identity has been mistaken.

This is why it is a great idea to not pay straight away and look into the debt thoroughly.

It is also advised to not just ignore the letters and telephone calls if you don’t believe you have debt under your name because it can get a lot worse and legal action can be brought into it.

Is Lantern a legitimate company, regulated and authorised in the UK?

Yes! Lantern is legit.

Check out some of their amazing credentials:

  • Authorised and Regulated by the Financial Conduct Authority
  • Awarded a rare gold standard for customer care
  • reference number- 718024

What legal powers does Lantern have over me?

Lantern is legally required and allowed to ask you to repay your debt.

If you do not repay your debt and state that you will not pay for it, Lantern can take further action that can lead to taking you to court for the county court judgment.

What powers do they NOT have?

Although Lantern can be powerful, there are a lot of things that they are not allowed to do.

  • Can not contact you repeatedly during nighttime hours
  • Can not use professional jargon to confuse or manipulate you
  • Can not discuss your debt with somebody else.

If you believe Lantern has done any from the list above, you can complain to them first. If nothing changes from the situation, you can contact the financial ombudsman- you might gain some compensation!

You can contact the Financial Ombudsman by:

What do I do once I get my letter?

As soon as you hear from Lantern you should get back in touch with them to request a proof.

Gaining proof of your debt is essential, it could even enable you to not have to pay.

Requesting a letter of proof will ensure that the debt is definitely yours. If Lantern does not send you any proof, then it’s your lucky day! You won’t have to pay at all!

After getting this proof, you should check that it is actually valid- if your debt is over six years old, it is classed as statute-barred. This means that it is too old and has been expired.

Contact Details

You should definitely get in touch with Lantern if they let you know about your debt

  • Phone 0113 887 6876
  • Address Lantern, Protection House, 83 Bradford Road, Leeds, LS28 6AT
  • Email [email protected]

If you believe you need further help, it can be immensely beneficial to contact a debt charity. Debt Charities can help to prevent further anxiety.

Debt Charities

  • Step Change
  • National Debtline
  • Business Debtline
  • Citizens Advice Bureau
  • Debt Support Trust Management
  • The Debt Advice Foundation
  • Christians Against Poverty

List of Debt Collection Agencies UK

Here is a list of all the debt collectors in the UK.

Debt Collectors

Before speaking and dealing with a debt recovery company we strongly advise you speak to the debt advisor and take the debt quiz.

Quick Links

Take The Debt Quiz IVA Debt Help Stop The Debt Collectors Path Of Debt

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