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Help! Advice needed.


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Hi everyone, this is my first post. A few years ago I got into financial difficulty and ran up quite a few large debts. Most of these debts are now in the hands of debt recovery companies.

 

I have no objections to paying back the original creditors but I hate seeing these parasitic debt companies making profits from other peoples' despair and , after reading various posts on this forum have decided to fight back.

 

The account I have started with as a tester is a debt with Barclaycard, from whom I had not heard for around 5 years. Recently I received a letter from a company called Cabot Financial. They are demanding the full amount (over £2600) and advise me that interest will accrue. I sent them the template CCA letter which I found on this forum asking for a copy of the original agreement and I enclosed the statutory £1 fee. I sent the letter by recorded delivery and have confirmation from Royal Mail that it was received on 5/10/06. Today (7/10/06) I received the following reply:

 

Dear XXXXXXX

 

Account No. XXXXXXX

 

Thank you for your recent payment. We would advise that interest, where applicable, will continue to accrue on your account until we have a repayment plan agreed. It is to your advantage to contact us on the number above immediately to discuss your offer of repayment. If you have already made an arrangement then please ignore this letter.

 

Yours Sincerely

 

Alex Duncan

Recoveries Manager

Cabot Financial (Europe) Ltd.

Does anyone think that I should reply and point out that the payment was not against the alleged debt but to receive a copy of the original agreement, or should I wait?

:confused:

 

Regards, Hairyman

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Hi, hairyman, welcome.

 

I think the best place for you to post this question would be on the 'Debt and Bailiffs' forum.

 

Start yourself a NEW THREAD on there and hopefully someone will be able to advise you.

 

Good Luck.

 

Thanks youngandfree. I've done that now

 

Hairyman

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