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I received a superb telephone call yesterday from cabot, and it went like this...


Cabot: Hello is that mr Sev?


Me : Yes, who is this?


Cabot: It's Citibank - er, I mean Cabot Financial, we own your Citiba..


Me : I know, what would you like to know?


Cabot: Can you confirm your date of birth and postcode for security


Me : Sure, it's blah blah blah...


Cabot: Thankyou.

We've currently got you down as being on an arrangement with us for the sum of £blah. I was wondering if we can look to increase this at all?


Me : Not really, as I don't have a lot of kob certainty at the moment and I'm not going to commit to anything until the economic situation clears.


Cabot: well, if you wanted to settle this we could make this very attractive, and offer you a substantial discount anything up to 20%


Me : That's very kind, but I really don't have the means otherwise, i'd have called you a long time back.


Cabot: Well, as it stands Mr Sev, your current debt at your current repayment will take 25 years to pay off, we could come to a payment arrangement for £95 pm which will clear it in 5 years.


Me : Sorry, but as I said, I don't have the means. That's why you and I are even talking.


Cabot: Yes, I understand that. Perhaps we could interest you in a loan to settle this?


Me : I don't think so, you've already defaulted me on my credit record, as have all my creditors. What makes you think that I can afford or want a loan when I can't afford to pay what I've already got owing?


Cabot: Oh, OK, how about relatives or frieds, could they not lend you any money?


Me : er... let me think.... no.


Cabot: Well could you stretch to a 10% increase, it's only 2 pounds.


Me : I probably might, but I'm not commiting to anything at the moment.


Cabot: OK, well i'll send out the paperwork, to confirm and just to let you know if you miss a payment there will be charges and late interest fees...


Me : Send what you like, but i'm not confirming anything at he moment as I don't know if i'll even have a job at christmas.


Cabot: Well we need to get this debt moving and i'll give you a call in 6 months to see how your circumstances are doing. In the mean time, perhaps you could ask your family or friends for money, or consider our loan service. If you have an unexpected windfall We'd make the settlement offer very attractive.


Me : Ok, if I win the lottery you'll be the first to know. Thanks.


Cabot: Goodbye.


Me : *hangs up*



Is the lift actually going to the top floor with this lot?

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Section 2.6 http://www.oft.gov.uk/shared_oft/business_leaflets/consumer_credit/oft664.pdf


2.6 Examples of unfair practices are as follows:

a. contacting debtors at unreasonable times and at unreasonable intervals

b. pressurising debtors to sell property, to raise funds by further

borrowing or to extend their borrowing


A complaint to OFT don't you think?

Anthrax alert at debt collectors caused by box of doughnuts


Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.


Vir prudens non contra ventum mingit



17 Port & Maritime Regiment RCT

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Making a complaint would be a way to ensure the six-monthly "review" would never-ever happen again. It may even help other people too. Go on, make a complaint.

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Is it just me, or are the DCA's starting to sound very desperate to get people to pay? :D


I had a letter on saturday. (a DCA's fave for sending urgent letters to contact them.) Asset Collection & Investigation ltd.


They have written from their "Pre Legal Department" :rolleyes: To inform me that they are carrying out a "Pre Sue Report" :roll: in the anticipation of pending legal action.


They say if I pay in full they are authorised to offer me a substantial discount on the blance owing. If I can't make a one off payment I can play in instalments to avoid legal action.


I'll call them on Monday morning with my own substantial discount offer, of no payment until they provide me with a CCA. :p Seeing as Argos and 7 DCA's before them failed, then I don't hold out much hope for ACI ltd.

These are video links to show how I deal with Debt Collectors.


Fly fishing for C.A.R.S



Frederickson International don't accept my card type


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By coincidence, I had a letter yesterday from 1st Credit's Pre-School gang, stating that they intend to take legal action in respect of a debt which:


a. has already been the subject of a CCJ (by the OC, a utility company), served at the wrong address, in the wrong jurisdiction and in respect of a bill incurred after I'd sold the property

b. has been set aside for the reasons above


I have already begun composing a letter to the OFT...

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  • 5 years later...

Hi All,


I have had an agreement with Cabot since 2006 for my citi financial card.

what started as an 18 pound agreement back in 2006

as of yesterday is now a 40 pounds a month agreement.


My circumstances are that my partner hasn't worked for over two years,

ironically thanks to her company closing the UK operation and moving it to mumbai.


I support her and my elderly mother, and our mortgage and all household expenses.


For the last month I have been getting three times a day the cabot Indian call centre trying to call me to 'review' the agreement.


With all my expenses and credit debt agreements (which are slowly being chipped away at)

I have a sum total of 100 pounds disposable income at the end of the month,

which generally gets swallowed up with material for repairs to the house, DIY etc - essentials,

- we haven't been out for a meal for example in over three years,

but that said all my priority debts and utilities are always taken care of, of that I'm thankful.


The indian call centre yesterday as always pressed for incomings/outgoings.


The said that with 100 pounds disposable income I could afford to pay more that 38 pounds.


He asked how much my partner got in benefits

and how much my mother got as a pension and tried to manoeuvre this into the whole household available income.


He tried to push for the state of my mothers' health - following it up with 'perhaps there may be a lump sum available to you soon'


He was also rather agitated that I didn't want to take up the direct debit agreement,

and despite it being obvious there were no other monies pressed for the availability of a lump sum

or of anyone in the family had any investments that could be freed up.


He was also constantly re-iterating that at this rate the agreement would not be paid till 2022 - as if I was enjoying dragging it out.


I genuinely hate these filthy people and their practice.



I despise cabot more than any of the other creditors

- even MBNA have been civil compared to these call centre crows in a continent

which has nothing to do with the one I am in, and which has in part led me to suffer the hardship I am under.


I would remind cabot that it was they who pressurised me to take more credit to keep up with repayments in 2006,

and it is outsourced call centre filth like their mumbai muppets who now prevent me from repairing my leaking windows and roof on my home.


So what do I do? there's nothing I can do really.


I'd like to ask them to call me from a UK cal centre only but then that's politically incorrect I suppose.


But i'm most upset about being asked for the other income in the house,

the expectation that I've got investments tied up for my own benefit

and the speculation on a death to release equity to make them go away,

or that somehow I am intentionally enjoying a champagne lifestyle at their expense.


Oh and "could you repeat everything you have agreed to for the benefit of the recording of this conversation please".


Still, when your earning potential is based on how much pressure you can put on others then what do you expect.


Is it even worth complaining? lets face it, the banks and their bottom feeders actually get aroused through the enjoyment of knowing that people are suffering as a result of actions like this, and the people you complain to are set up by the very banks themselves.


I've never claimed for unfair charges against them, and now its probably too late, I've always played their tune and played fair. and all I get in return is hassle from a commission hungry indian call centre worker.

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Just ignore the calls and send the harassment letter. Cabot will give up. If they continue calling them they are in breach of regulation.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


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me thinks you are being cash cowed here.

that's why they keep up the pressure on you.



have you ever sent these Muppets a CCA request?



I can guarantee theres no agreement or matching T&C's



like all CITI debts of that era.



sorry but I think you are being had blind here.

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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me thinks you are being cash cowed here.

that's why they keep up the pressure on you.



have you ever sent these Muppets a CCA request?



I can guarantee theres no agreement or matching T&C's



like all CITI debts of that era.



sorry but I think you are being had blind here.


I have a 95% tendency to agree with DX. Youre being had.

Id like to see what they cough up via a CCA request.,..


Drop this tool a complaint - [email protected]


We could do with some help from you.


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Receptaculum Ignis


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As said CCA request will


stop them dead in their tracks


Send asap







Any help I am able to give is from my own experience only. Should you have any doubt you should contact a qualified professional.

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