Hi,

I have a debt (approx £25k) that defaulted on Apr 2103 that is being chased by Cabot. I have not made any payments on this since 2013 to either the original lender or Cabot.

I have recently requested the CCA from Cabot and they acknowledged the 12 day time limit before temp unenforceable and as they would have to request from the original lender they anticipate not being able to provide it within 12days and hope to have it within 40 days.

They said that in unlikely event they cant produce within 40 days they will write to me again.

40 days passed around a week ago.

I am unsure what to do next as it does not look like they can provide the CCA and have not written to me as they said they would.

What should I do next?

I am tempted to make a silly F&F settlement offer so it is not hanging over me.

Any help appreciated.

you do nothing.

whats the debt all about?

Hi DX100UK - The debt was an unsecured loan.

with who and when full details please

with who and when full details please

Sainsburys in 2011 or 2012.

so RBS then as Sainsbury bank didn't exist then.

puzzled as it must have been above £25k? the initial loan?

then its not covered by CCA and must have been secured?

Was it multiple loans one on top of another?

All paperwork had Sainsbury's headings etc.. Loan from the Sainsbury website at the time.

£25k initial loan (Dec12) over 5 years - Now £27,200.

Definitely not secured.

Was it multiple loans one on top of another?

No just the one loan. I used to earn very good money before medical issues which is why I was able to borrow £25k unsecured I guess.

so RBS then as Sainsbury bank didn't exist then.

 

puzzled as it must have been above £25k? the initial loan?

then its not covered by CCA and must have been secured?

All paperwork had Sainsbury's headings etc.. Loan from the Sainsbury website at the time.

 

£25k initial loan (Dec12) over 5 years - Now £27,200.

 

Definitely not secured.

£25,000 – is the highest unsecured amount you can borrow

Andy

good all works out then

so why did Sainsburys sell on a loan of that value when they could have crushed you in court?

they only got

what went bad ?

I had some medical issues which made it difficult to work. It was all a bit odd as the largest amount I owed and they (Sainsburys) were really good, very understanding, no hassle, put it on hold for 6months at a time before selling it on. A lot smaller amounts were chased very aggressively by DMCs.

you mean DCA's

DMC's manage your money for you and should be avoided at all cost when their are free charities out there that do it for nothing!!

a DCA is NOT A BAILIFF

and have

ZERO legal powers

looks like you've been cash cowed blind on the rest and were blindly talking to them over the phone before..

oh well you know better now.

ok the loan..

lets hope the CCA doesn't come else you can see cabot taking this all the way..its worth the gamble for a possible +£25k win in court

get an sar running to Sainsbury bank now

the more info you can get

the better prepared you will be IF that happens.

retitled and moved to other institutions forum

Sorry yes I did mean DCA.

I wouldn't say I was cash cowed on the rest as I didn't pay them a penny (I couldn't, I didn't have anything at the time), and I did speak to them on phone or email but always got agreements confirmed in the post.

A couple of examples of F&Fs were 2x10% (MBNA/Capital One), 2x14% (HSBC), 1x24% (RBS) so I don't think I did too bad.

I have put a SAR into Sainsburys. I will let you know when I hear from one of them next.

better at it than what i think you are then.. clever cookie then well done.