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Notification of instruction to collect....what to do?


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Hello everyone,


I hope that I am in the correct section. I have spent quite some time looking around these forums but have been unable to find a guide on what I should do next. Thus..............the following........


I have a debt that originated with Barclaycard many years ago. This letter I have in front of me states the client to be Cabot Financial Group.


Anyway, to the point; I have a debt of £1019.62 pounds, which amazes me as my limit was £400. I have not made any sort of payment for at least 2 years and am particularly poor at the moment as I am just finishing my studies and no longer get a stipend, and have no job.


Thus, having read so much today I am confused about my best course of action to take. Could someone please advise me on which route to take?


Thank you for any and all help,


Best wishes



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Do you have all the BC account statements going back over the years.


If not you should get them using a SAR - http://www.consumeractiongroup.co.uk/resources/templates-library/48-bank-templates/110--data-protection-act-1998-subject-access-request-


It will cost you £10 and you should send it to BC in Northampton. Give them the a/c number and any addresses where you lived when you had the a/c running.


You say the client is said to be Cabot. Who has this letter come from.


If they are pressing for payment, you could write saying the a/c is in dispute regarding unlawful penalty charges and they must withhold all collection activity in accordance with OFT Debt Collection Guidelines.


Read other threads here in the BC forum. In particular, read this which sets out options about reclaiming penalty charges and getting compound interest on them - http://www.consumeractiongroup.co.uk/forum/showthread.php?271291-Barclaycard-4-cards

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