cabot financial

[cleanslate]

can anyone send me up the right road ok had a associates card taken out 1997 past over to cabot 2001 paying £67 per month for the last 8 years n just had a letter off them current balance £2,331 will close the account if i settle £1400 sounds good just been told associates had been taken over in 2002 by citicards something group shall i settle the account or wait and see if my letter returns back return to sender cheers

[PriorityOne]

Cabot have there own sub-forum on here... you may want to have a read to see how they operate and how best to deal with them.

[Seahorse]

As I haven't seen you post on the Cabot forum yet, I thought I'd just mention something here.

If it's Cabot who are chasing you, then whoever has taken over who is irrelevant. Cabot don't collect for anybody other than themselves, as they buy the debt.

If I were you, I wouldn't be so hasty in paying this amount to clear it off. You don't say what the original amount was, but £67/month for 8 years is nearly £6500.

Please start a thread about this so we can see where you're at and we can get stuck in to help.