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mortimer/Cabot Claimform Citi loan sold to Moneyway.***Claim Discontinued***


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I took out a loan with Citi in 2007 and made regular payments until 2010 when I had a change in finances and could no longer afford the repayments

- looking back this was stupid I know but I now have to face up to it.

 

Heard nothing until Dec 2011 when I had the usual threats from Robinson Way and

more recently a call from 'their agent' suggesting a settlement figure at which my file will be satisfied.

 

After checking my CRA I see that Citi marked my file as settled in 2009

possibly when the company transferred to Moneyway?

 

Cabot have added a default in 2010 despite having no communication with me.

 

Today, out of curiosity I rang Moneyway to see if they still own the debt or Robbers are collecting on their behalf

- only to be told 'we have no interest in that balance and it has been passed to Cabot'.

 

I have already had a result with PPI on this due to being self employed at the time

but I'm reluctant to fork out to organisations that prey on people's misfortunes or for something that is possibly unenforceable.

 

Any advice please?

 

Should I CCA Cabot or Robbers or both?

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  • 3 weeks later...

you say you've been offered a discount?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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IGNORE FOR NOW!!!

 

any debt with a discount means only thing

 

they prob cant go near a court

 

dx

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Out of the blue came my first letter from Cabot -

 

"Thank you for your recent request for information..

... We do not have this information but have requested it from the OC. "

 

I have never asked these people for this - my request was to RW and they returned my po!

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That's because Cabot own the debt, they have

it seems a very large portfolio of old ''associates and

Citi accounts.

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It wont be an associates card, as Citi rebranded in very early 2000s.

 

It is usual for an assignee to re-register any defaults ,its actually written in ICO guidance.

 

It looks as though the account has indeed been assigned to Cabot, and that it is likely paperwork will be available

since lenders did improve on their storage and management of data post 2007.

 

It should not be stated that Cabot dont take cases to Court, because we know that they DO.

Out of curiosity, what is the outstanding amount they say is owed ?

 

What you need to be getting is a statement that shows payments made, and what has been added.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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post 8 then!!

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 9 months later...

suddenly after several months I have received CCA with a very poor copy of a signed agreement

- a slightly different version to the one I have

 

in that they have dated 23/04/08 rather than 23/04/07

stating "date of signature being date of the agreement"

 

I now have 14 days in which to respond or they will escalate the account within their collections procedure.

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explain.are you saying its false?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

I have an original credit agreement with the correct dates on.

 

The copy they have suddenly sent through together with a complete list of transactions

 

is signed by the Citi representative but the date of the signature is 08 instead of 07 (2007)

 

- I may have signed 2 copies on application but it's strange they produce one that is different to my copy.

 

I have since had the usual follow phone call from them

 

and to be honest I'm just thinking about coming to an agreement

 

but I really begrudge paying the full amount for something they probably paid £100 for.

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they have offered a discount

it means something is prob wrong.

 

IMHO i would send an sar to the OC

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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What would SAR show?

The discount was from robbers way and was for full and final.

 

original loan with Citi

which then transferred to moneyway (secure trust bank) in 2009.

 

in june 2011 talon tried to get their claws in on behalf of moneyway and then

 

in October Robbers way tried

- when I asked for CCA they passed back to their client cabot.

 

It seems cabot applied a default on my cra August 2010.

 

I have not had NOA from cabot and have now requested this.

 

It seems like cabot bought the a/c but then 'subbed' it out for collection firstly to talon

and the robbers way - why would they do this?

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here you try and fleece this one

 

hes proving difficult

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 1 month later...

I'm confused!

 

I received a letter in March with a signed copy of an original credit agreement although the authorising signature from Citi clearly states 2008 - it was 2007 - is this then valid?

 

In April a letter saying Cabot have not been able to provide the relevant information within the timescale and so the a/c remains on hold.

 

more recently a letter to say they have recently bought the a/c and unless I agree to make a suitable repayment plan it will move to the next stage of the collection process.

 

it seems the discount offered was probably f & f. any thoughts please?

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ignore the chain mail for now.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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The ''agreement'' is not compliant if the date is wrong.

Does this show on your credit reference files.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Yes it does show on my credit file with the correct date.

 

It shows as being a 0 balance with Citi in 2009 when the provider changed to moneyway from there it vanished off the radar until

 

cabot appeared

- it then shows a default date which I don't agree with.

 

Although the copy of the signed credit agreement they have sent has my signature and the correct date

 

where the Citi representative has signed they have written the wrong date by 1 year.

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