I got into more than £50k of debt a few years ago and ended up in dire financial trouble.
I read up on these debts using a site called ****** and used their three letters method to deal with the banks, credit card companies and DCAs.
A couple of weeks ago I received a writ from my local Sheriff Court as seen in the photos:
I'll be honest, I'm terrified now.
I get limited legal cover through my work
i spoke with a solicitor.
He was decidedly unimpressed with the letters and advised me to do a trust deed.
He says Cabot are a big company and will definitely have the assignment, they wouldn't have spent money on the legal costs to begin with if they didn't have them.
He did help me with a skeletal defence for court:
I have set a meeting for tomorrow to start to arrange the trust deed.
My honest feeling is that Cabot have nothing, but I would be risking my house if i was wrong.
And I have no real basis to believe they don't have what they need.
I have never received any letters from Cabot before the writ.
No notice of assignment or even a demand for payment.
I have had other DCA's for this account but they stopped responding after the three letters.
I immediately sent Cabot the three letters by recorded delivery but they have never responded.
The last day for making adjustments to the writ or defences is 11th November.
i have a bit of breathing space but I'm really worried.
Any help will be much appreciated.
Ps the letters are like this: