Hi All,

I have an old debt with natwest.

Natwest closed my credit card account in 2013,

I can not keep with the payment because I lost my job and I informed them,

I have heard nothing from them since 2014

not until recently when Cabot start chasing me for that debt.

I called natwest and I was told that that debt has been sold to Cabot and that I should contact Cabot instead.

Can anyone advise on how to navigate this.

Thanks in advance

Ignore Cabot until you get something which looks like a Letter Before Claim and then start the process of making a CCA request

When was the last payment to the account and when was the card taken out?

the card was taken out in 2005 and the last payment to the account was in 2013.

Cabot has been putting default on my credit file since September 2016

no they've been putting monthly markers on

NatWest registered the default when they sold the debt.

cabot cant harm your file further.

now why would a large multinational bank sell a debt on when they could have crushed you in court?

find out why

I have received a letter from Cabot asking me to set up a monthly payment plan of £32.08.

What should I do now?

nothing

a DCA is NOT A BAILIFF

they have NO SUCH LEGAL POWERS.

the letter doesn't say will anything

read it carefully.

dx

does that mean I should continue ignoring their letters or request CCA from them?

you could yes

might be an idea to get an sar running to Natwest

find out how much of this 'debt' is PPI and late/over penalty charges. too.

the credit limit on the account was £1400 plus natwest charges now gone up to £1548.

This £1548 is what Cabot are now chasing me for.

what I mean is for how long did you have payment issues?

every month you had trouble and were still behind I bet they added penalty fees like £20, £12 etc

I missed the payment 3 months in a row,

that was what prompted them to closed the account

they were asking me for full payment and I didn't and that was how I accumulated those late and missed payment

charges of £148

If cabot have the debt then its 99% likely unenforceable. They rarely collect enforceable debts

Hi all,

I need your advice.

NatWest closed my accounts in 2013.

Because of this,

There has been default on my credit file since then.

Now Cabot are chasing me for that debt, it must have been sold to them.

Can you please advise on how to approach this issue.

Thanks in advance

Accounts ?

Overdrawn current account ? If so, how much approx ?

Credit card ? If so, how much approx ?

Other type of account/loan ?

Do you have copies of statements showing how the debt was built up ? If not, ask Natwest for copies of statements, submitting a Data Protection Subject Access Requesf to them if necessary. Then you can see how much of the debt is just charges/fees applied.

If there is a debt unpaid since 2013, there is probably a reason you have not been taken to court.

Have you moved address since 2013 ?

If Cabot have bought the rights to this debt, they can take you to court to enforce the debt. How many letters have you received from Cabot ?

Is it just the same debt as your other posts. Credit card debt ?

https://www.consumeractiongroup.co.uk/forum/showthread.php?474168-Cabot-chasing-me-for-old-Natwest-Credit-Card-debt&p=4991821#post4991821

Thread merged - Please continue to post here.

hi it is a credit card accounts.

One master card and one visa card.

Visa debt £1540 and master £772.

I missed two payments and NatWest closed all my accounts including the current account.

I was never overdrawn, they did inform me that they will close my accounts but the reason was not given.

Yes I moved address in 2014.

Cabot have sent me up to three letters now

CCA cabot. If cabot have the debt, then its unenforceable. They dont chase valid debts. Theyre bottom feeders and prefer to get the debts they bought for 10p in the £ and have a high potential value.

yes it's the same credit card debt

now go back and re read the thread from post 1 again

and follow the advise already given.

did you formerly in writing tell NatWest that you have moved?

and they know your new address?

or are cabot simply sending phishing letters to your new address without you informing anyone?

I have contacted NatWest before regarding this issue, there is no ppi on the accounts.

The credit limit on the Visa card was £1400

charges of £148 and credit limit on master card was £700 and charges of £72.

I have updated my address with Natwest.

they called and told me that they have sold the debt to cabot.

.

What step shall I take now?

If possible I do not want to pay Cabot a dime.

Thanks once again

so its a mastercard

when did you inform Natwest of address change? [iMPORTANT]

before or after the sale?

CCA cabot. Youve been told that numerous times.

There is nothing for you too do, IGNORE cabrot.

Don't even send a CCA request JUST YET, keep that for a later date.

And NEVER discuss this over the phone, EVER!

Keep a diary of events.

so its a mastercard

when did you inform Natwest of address change? [iMPORTANT]

before or after the sale?

It's two cards. Visa card with debt of £1548 and MasterCard with debt of £772 both debts sold to Cabot. i updated the address sometime this year before it was sold.

good as long as you updated NatWest no danger of backdoor CCJ's

let them run for now

comeback with anymore letters you get.