Hi I was wondering if anyone can offer some advice.

My partner took out a Northern Rock loan at the end of 2005 for £25,000, with agreed payment of around £37400 over 120 months.

As an aside it just shows how badly NR were engaged in unethical lending as she was only on £11k a year at the time.

She made 39 of those payments totalling just under £12200, and additionally she made around £470 in over payments to a grand total of £12670.

After being diagnosed with a long term illness, she lost her job and then found it difficult to repay the loan.

She organised token payments beginning April 2009, and paid an additional £50 before the debt was written off at just under £24700 at the end of November the same year.

She continued to make token payments until the end of July 2013 at which point she could no longer afford to do so, so she stopped.

The debt appears to have been sold on to Cabot in October of the same year (2013) for just under £1400 according to the full transaction statement they have returned, but there is no Notice Of Assignment documentation.

She started receiving letters from Cabot in June 2018, and she wrote asking for a copy of her CCA.

They have complied within the time limit with a full copy (doesn't appear to be reconstituted), including full transaction statements, and they are threatening CCJ action unless payment for the outstanding balance of the loan is made under agreed terms.

Like mentioned however, there was no Notice Of Assignment documentation to say how the debt was transferred to them.

My partner is very stressed by all this (especially due to the nature of her illness) as she has a very limited income from part time work (being unable to work full time), and I pay the rent and all bills so my money is stretched also.

By the way, no debts appear on her credit file, so we are worried that Cabot can also mess with that now.

Anyway, does anyone have advice on next steps to take?

My partner is looking into a (Debt Relief Order) DRO as a possible solution. Does anyone have experience with these?

Any advice would be greatly appreciated.

Thank you.

You say it was written off?

WHen was the CCA requested, what exactly was contained in it?

Thanks for the responses guys.

Yes the debt was written off, then seems to have been bought at a later date

This is exactly what is written on the supplied statement of account.

2009-11-26 - WOAB - Bad Debt Write Off £24674.20

Then

2013-10-15 - ITRX - Sold Off debt bal adjust £1369.89

We don't actually know by whom that was sold off by, and how Cabot obtained the debt.

They are looking to make at leasy a £23,000 profit on a debt they bought for a marginal amount. Totally disgusting behaviour.

Also, the CCA request sent 14th December 2018 was the standard one from template as found at this site.

It states non acknowledgement of the debt, cites the relevant sections of the CC Act, and requests CA and statement of account.

As stated earlier, this was complied with within the 14 working day time frame it seems, as my partner received the response on the 2nd.

Thanks for your help so far.

Any next steps advice?

Thanks.

Cabot do not enforce legit debts. They only go after lemon debts. get doing your homework because cabot will get very greedy on this and may well try court.

You say they complied with the CCA request. Can you post up the response you got back please? because it must be an original copy and contain specific details for it to be compliant.

I think you need to make a SAR to the OC.

Strange cabot have left it for 5 years to try their luck. Thats another sign something isnt as it seems.

write -off is simply on the OC's book

quite a std entry

it cant comeback on your credit file

but theres nothing to stop Cabot trying it on if the paperwork is in order.

so you say you have had a CCA return?

The black boxes I have used to cover personal details but these details are indeed on the form including what she is sure is the correct signature.

The gap may be explained because we had moved without updating address with any DCA in view of the fact her condition remained the same without affordability to maintain even token payments.

Unfortunately, address details were updated on her credit file after giving her bank our new address after an account freeze because of returned mail.

Is that EVERYTHING they sent as part of their CCA response? If so, its not compliant. Better luck next time crapbot

one multipage PDF please so we can rotate and zoom

read upload

Here's the complete response

CCA Cabot Response (1).pdf

Then youre in luck. That is definitley not compliant whatsoever. Theyre missing a lot of stuff seeing as its a 2005 agreement. Hell, this wouldnt have even satisfied a reconstituted one.

where are the records of the payments till 2013 you mention above?

The 2013 payments are on the final page (10) of the PDF. Thanks all for the help. What should we do next? Thanks.

looks ok to me what missing imp?

sorry I didn't see the last sheet.

cabot didn't pay £1369.89 for the debt..thats an adjustment by Nram

however if that's an adjustment ...then so is the 24674.20 write off.!!

Thanks again.

@renegadeimp mentioned making a Subject Access Request to the OC...Is that Original Claimant of the debt?....NRAM?

What should we be looking for in the SAR to disprove the validity of Cabot's claim to the debt?

@dx100uk you mentioned the adjustments made on the account by NRAM, including the write off.

Can you advise what bearing this has on this case...Written off debt can't be collected on?

It would be great to know how others have dealt with this type of situation.

Thanks.

looks ok to me what missing imp?

sorry I didn't see the last sheet.

 

cabot didn't pay £1369.89 for the debt..thats an adjustment by Nram

 

however if that's an adjustment ...then so is the 24674.20 write off.!!

Pre 2007 they need the original. Most of it is there, not all of it. Such as the full application, full terms and any changes after until termination of the account etc. Again, MOST of its there, not all. Cabot are hoping the OP doesnt notice that, and resides to paying the 20k+

if they write off one bit, and cabot accept it doesn't exist

then the other write off must be valid too..no debt

sar goes to the Original creditor

yes imp, this would have been signed at the same time as the 100% mortgage....

Yes. But they still need to supply it to fulfil the request But my money is mainly on something behind the scenes. Nobody is gonna sell a debt like that without going for the throat themselves first.

pers I think id ignore them now for a bit

https://www.consumeractiongroup.co.uk/forum/showthread.php?492187-Ukar-nram&p=5168999#post5168999