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Sainsburys Loan Sold to Cabot


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Hi

 

I'm desperately seeking help please.

 

 

Ex wife and me took out a loan with Sainsburys Bank in 2008.

It was for her failed business but as she was self employed and I had a good credit rating,

we took it out in joint names.

 

 

We divorced in 2011 and she was supposed to carry on making the payments as she had the better income.

 

Defaulted in Jan 2012 and nothing has been paid since then.

 

 

Was disputed formally in December 2012 by me - wrote to Westcot who said they would provide agreement and never did

(I have that letter - their account was placed on hold until the agreement was sent and they never sent it).

 

Fast forward 4 years - October 2016.

I received a letter from Sainsburys advising they had sold loan to Cabot.

Also received a letter from Cabot asking me to make contact with them.

 

 

Wrote back to Cabot advising loan was in dispute and they have provided a v poor copy of agreement (photocopy of photocopy) and historic statement of account.

 

Both Sainsburys and Cabot have now written to me to say they think agreement is enforceable and Cabot have just sent me a further letter asking me to call them.

 

Ex wife has just buried her head in the sand and although she is the one with money, she is ignoring all this.

 

 

I work for a bank so have never had problems like this before.

What should I do now?

My credit file just shows one default to Cabot dated Jan 2012

 

Any advice would be great

 

Thank you so much

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if it was enforceable then i'd guess Sainsbury wouldn't have sold it on.

 

it will vanish from your credit file on the defaults 6th birthday.

 

but that doesn't mean the debt is not owed.

 

when was the last payment?

and when did you CCA and whom?

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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CCA request to cabot

 

 

so jan 18 its statute barred

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

that's why I said CCA request to cabot

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

If cabot own the debt, then its 99.99% unenforceable. They dont deal in legit debts. Do the homework.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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that's why I said CCA request to cabot

 

Hi. Thank you.

Sorry but what good would that do?

They have already sent me a bad copy of the agreement (copy of copy) and confirmed that they believe it to be enforceable.

 

 

I haven't had DOA, current terms and conditions or current statement.

I have also had no threat of legal action. I

'm sorry for stupid questions.

 

If cabot own the debt, then its 99.99% unenforceable. They dont deal in legit debts. Do the homework.

 

Thanks. So I should just ignore?

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you cca'd wetcloths 5yrs ago before sale

 

 

you need to put cabot in their place

 

 

CCA them, the debt has been sold to them

they'll know nowt about the history

 

 

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 had an sainsburys credit card which was sold to Cabot, they kept saying it was enforceable, I argued it wasn't, it went to "solicitors" but never went to court, it's now statute barred, it was hard to not give in and pay them but advice from CAG was a great help...have you posted a copy of the agreement they sent? Have they supplied the correct T&C's? Every time I queried my cca with them they sent another set of t&c's totally different from the last...

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They have 12+2 working days to reply. They wont. Cabot dont enforce legit debts. They just buy up bad debts in bulk and harass people into paying.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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has it been 12+2 working days yet?

but anyway

no CCA = NO PAY

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

which as the 'creditor' they must

 

 

and even if they fail the CCA

they'll still do so

doesn't mean anything.

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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  • 3 weeks later...

Hi

 

Letter received from Cabot confirming receipt of CCA and that they don't have documents so have requested them and they should be able to reply within 40 days. Should I do anything now? Thanks as always

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yep ignore them

they have 12+2 working days

 

 

once passed if you were you can stop paying till they comply..

 

 

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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Your actually paying Cabot ? :wink:

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

If you want advice on your Topic please PM me a link to your thread

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Hi

 

Letter received from Cabot confirming receipt of CCA and that they don't have documents so have requested them and they should be able to reply within 40 days. Should I do anything now? Thanks as always

 

Keep ignoring. Youve called their bluff, and now theyre panicking. Dont pay them a single penny or even consider it.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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