Cabot / Default Is it wrong

[oknowihope]

Hello everyone

 

I am new to this so will give you the full details as this is doing my head in.

 

In 1998 I had a breakdown and ended up off work for over a year. My wife and I went to a local council debt councellor and went through all our outgoings and incomings. We were told to pay only the main accounts Mortgage ect which we did and defaulted on all the rest.

 

The person working with us sent a standard letter to all creditors staing an amount we could pay and an infantry of all our incomings and outgoings.

 

This was all set up and we continued to pay off everything, my health improved and I changed jobs re-assessing what we were able to pay all the time. Things got better and better and we then re-mortgaged our property and made settlement payments to all the creditors we owed.

In 2005 I received a letter from an unknown company at that point with a telephone number saying someone was going to come to my house to see me. On ringing up it was a company called Cabot Financial who said they were looking to collect a debt from a credit card company. I said I had to check this out and put the telephone down telling them no one should call at my home and all correspondence should be done by post.

I got back in touch with the debt councelling and was told they were trying to harras me and because it was 7 years after the event I should tell them it was statue barred. Cabot were a nasty bunch and becuase I had no joy over the telephone I wrote to them stating these facts and that was that.

 

I have heard nothing off them since and now have my own business and really feel as though i've got my life back on track. I checked my credit report recently and lo and behold they have put I have defaulted on 2005. This has only just shown this month on my Experian and on checking Equifax its on there too. But with no repayment plan or anything. I telephoned Experian and asked what has gone on and explained what had happened in the past and they said that they should not default the account because it was defaulted in 1998 and you cant be defaulted on the same account twice. They advised me to speak to the financial ombudsman who said because they were not registered under them till o4/07 i should contact the FLA who have told me they are not under them.

I am starting to worry as I have worked very hard to get myself on track and am ultra careful with my accounts ( I have 3 credit cards now ) and all my accounts on my file show no problems no missed or late payments, just this new blemish.

 

Can they do this to me forever? I am hoping to move to a normal mortgage and want to move my business to a limited company but darnt do anything now i've seen this.

 

Any advice would be greatly appreciated

 

Thanks

[42man]

Some good info here that might help...

 

http://www.consumeractiongroup.co.uk/forum/general-debt-issues/148383-finlander-wants-soak-abbey.html

[oknowihope]

Would it be possible for a moderator to move this thread to the cabot help thread please. I m new and not very technical

 

I have managed to move to another part Thanks

Edited September 5, 2008 by oknowihope
Moved to another thread