cabot financial

[clio2010]

are cabit allowed to charge 12 percent interest on a debt and will they refuse token payments?

[Old Cogger]

Give more details so people can advise you, any personal details leave out?

[silverfox1961]

Hi

I would challenge Cabot on their 12%. Ask where there are terms that allow them to do so.

 

As for token payments. They never like it but what can they do?

[clio2010]

its for mailorder i just dont want to give out to many details for confidential reasons

[hatesdebt]

As Silverfox.

 

Ask them for a copy of the legal documentation upon which they rely to charge the 12% - I think you'll find they can't supply it ........

[dx100uk]

so they've brought an old cat debt?

 

1000's on here with the same issue

wont hurt to outline the details

 

and no they cant charge anything unless they have brought it outright

 

does this show on your cra file?

 

dx

[polloky]

Hi All, Two years ago I invited CABOT to take me to court over a "debt" supposedly owed by me to "Vanqis". They decided not to. Now they are back on my case again with the same old nonsense. Am I right in thinking that my invitation to them in 2009, (I have a record of it), giv es them only a certain amount of time to act?

[silverfox1961]

Hi All, Two years ago I invited CABOT to take me to court over a "debt" supposedly owed by me to "Vanqis". They decided not to. Now they are back on my case again with the same old nonsense. Am I right in thinking that my invitation to them in 2009, (I have a record of it), giv es them only a certain amount of time to act?

 

Hi and welcome to CAG

 

No! They can continue to chase whenever it suits them (up to the Statute Barred date)

If it isn't your debt at all then you have grounds for complaint.