Debt grow by £1000 in a month (cabot)

[andrew1]

thank you for your reply

 

Question:

Have Cabot bought the debt? What was the debt for and how much was it before

Cabot got it-and when did they get it?

 

Yes they have. They say that they bought it for £ 4.102.80 3 years ago.

 

thanks again

 

In reply to the other post by Nail (thank you aswell)

 

I will, from now on get things in black and white, I will send them the CCA S77/78 like you sugested. Whats going to happen if for example after 12 days and then the 30 days they do not reply? what action can I take? thanks

 

 

thank you guys, I really appriciate your help

 

 

EDIT: Sorry Lookingforinfo - we must have been typing at the same time!

 

Are you saying the debt was bought by cabot for £4102.80 or was that the balance?

 

Cabot or any dca for that matter are unlikely to tell you the price they paid for it unless you already have done the CCA and received the documentation.

 

As for what to do after the 12 working days +2( delivery time) + 1 month ( not 30 days) post back here once you get that far and we'll ALL tell you. Read the other Cabot threads or as many as you can and also look at your credit files for the defaults by Kingshill No1 Ltd. By the way what exactly did your letter say which Cabot wrote ? Post it here or PM me if you want to send a copy and I'll give you my email address.

There are some fishy things going on with Cabot and we are all working to get to the bottom of it.

[andrew1]

thank you... you are keeping me alive

 

Don't EVER let these buggers get at you. You now have over 80,000 sitting right beside you, giving you hugs and being there whenever you need it. This will be sorted one way or another. We just use what they haven't been using and should have - the law. No scheming, No broken rules, nothing dishonest - just the law and they don't know where to hide, because they just aint used to having the force of so many people - just like you- coming here and learning how to defend yourselves collectively. It's called SYNERGY - the power of two providing the power of three, the power of three giving the power of 5 - team work - you can't always do everything on your own. Now you don't have to.

 

DO NOT telephone Cabot - you need everything in writing. If they phone you send them this: changing the relavent bits to suit your situation. Thanks to Hagenuk...

 

Dear Sir/Madam

 

Ref:

 

Despite my letter regarding any communication from your company, which stated that I require all communications in writing, your telephone calls continue.

 

This behaviour constitutes harassment; the letter stated quite clearly to you that I require all communications in writing for future possible Court use. Do not telephone me again and remove any telephone numbers you hold for me from your systems.

 

Your telephone calls are in breach of the Office of Fair Trading guidelines. If you continue to telephone me after the receipt of this letter an official complaint, together with a log recording the times and frequency of the calls will be passed both to that office and to the Trading Standards office. For your information note that all telephone calls are recorded.

 

This type of debt collection method is contrary to the ‘Administration of Justice Act 1970’ in that it is intended to cause alarm and distress to the recipient. Your methods will not be tolerated. Should the telephone calls not cease immediately a formal complaint, containing copies of all correspondence including yours, will be submitted to the relevant authorities. This will be relevant to questions of your fitness to hold a licence under the Consumer Credit Act, whether or not it results in a prosecution.

 

Take further note that continued telephone calls after the receipt of a request not to call may constitute a criminal offence under Section 127 of the Communications Act 2003.

 

I trust that I have made myself understood on this matter.

 

 

 

Yours faithfully

 

That'll stop them phoning.

The CCA request will sort the rest for the time being.

 

Can you tell me EXACTLY which company actually sent these to you: ( Full name or number) ? TA.

I only have 2 letters, one dated the 7th August and one 25th September and that’s were the different in money is in black and white. it would be handy to know what was actually said.

[andrew1]

LFI - Is the fact that they pay a smaller amount for the debt and charge interest on the whole original debt in anyway unlawful/illegal in your opinion? ie: £1000 debt - they pay £100 for it then charge us 12% on the £1000. Immoral if not illegal.

[andrew1]

It's that "could be further cause for censure" that interests me. I think this is wholly unsatisfactory like you.

[andrew1]

I've had a cr card debt sold to Cabot. When they began their 'arrangement' and calling every 5 minutes and putting fear into my family with their aggressive tactics after my buisness collapsed ( through no fault of my own) and we had enough on our plates, they also began charging me 12% interest on the whole £1000 if I missed payment which I found immoral. Since becoming an avid CAG supporter and learning so much I have wanted to get even and use the laws to do it. They gave me hell, the debt was ALL charges, they defaulted me immediately in Kingshill name, cost me a fortune in additional interest % on future finance and now I've learned different I want them to answer for their irresponsible, unlawful and callous methods by using the laws they have ignored. I have already stopped their phone calls using the laws at my disposal, managed to show them up for their CCA non compliance which expired in July and taking steps to have them investigated, I am getting to the bottom of their Data Protection Act breaches with Cabot Financial(Europe)Ltd and Kingshill No1 Ltd antics and if I can get the OFT involved from observations such as yours then the point I am trying to make is - I will. The interest immorality on the full amount is just a part of it.

 

What you and the many others have disclosed and shared about Cabot just fuels my desire to put these people through the mangle - but I want to do it right so my day in court is totally effective.

 

Then I'll start on Wescot and a few others who also gave me grief threatening me and my family on the phone with bailiffs without ccj's and the likes. Before all this happened I was on a 6 figure salary and running a damned good business, banks fell over themselves trying to sell me finance - when it went wrong all hell broke loose and they ran like mice into the woodwork then stuck the boot in when I was at my most vulnerable and my family at it's wits - end, we paid a heavy price for all that financially and emotionally. These crass, degenerates are bringing the best out of me and although I was knocked for 6 in the aftermath of losing the business and depressed and not working for 2 years I have now re awoken with the help of this forum and all my skill-sets are beginning to come alive again - I was bloody good at my job and I'll be bloody good at putting these **** where they belong in the business pecking order.

 

I guess that was what I meant !

[andrew1]

 

Rest assured Andrew and and myself were fine and calm all the time.

 

 

Calm ?? %4$$&JJ)({{O^&£!£_)*&^&%^%!!!!! :D

 

The good thing about everyone on the site and that includes you Lookinforinfo is that we draw out the strengths in everyone. I've learned alot from you too. This forum is a united front drawing brilliant extracts out of all the Acts, out of lawyers, accountants, and good ole joe public who the banks are learning are not dumb customers at all. There's some amazing people with considerable knowledge pulling together and whacking these outfits for six and I really don't mind what or how pepole put their veiws across they are all an important part of the jigsaw.

 

One of my most strongest negotiating tools is a .......

.

.

.

tabletennis ball - yes a tabletennis ball. Half white the other half black and I keep it on my desk to this day.

 

Hold it up in front of you: From where the other person sees it - it's white, from where I see it - it's black.

 

Start to come around to their side and you begin to see things the way they are. Once you know the way they see things you have opened the window to their thoughts - and you're IN. And thats what I am doing here and to Cabot & Wescot and the banks - and I'm winning everytime.

 

Lookinforinfo - same song, same hymn sheet, same objectives - and we'll win.

 

Flavio - fear not - it's like a group love-in this forum, we are all here for the same reasons and it only gets better - Now, what were you saying about your wife and Cabot ? :D

[andrew1]

Great, thanks LFI - all goes in the melting pot, but I have a lot of reading and digesting to do because we have to be sure and I thank you for clarifying this for me, Flavio and everyone else.

 

Okay, then lets take it a step further: Card and debt now duly sold to DCA.

 

Our contract with the bank/card company/finance company has now ceased.

 

The DCA write to us telling us they have bought the debt - please pay up or be squashed.

 

We have no contract with them (the dca) at that point - They now have our details ( Data) given to them by the finance company

 

 

Q) In what format, according to legal procedures / Acts and in Laymans terms so we all understand, should the Debt Collection Agency in your opinion then REQUEST our permission to part with our data to register a default with the Credit reference agencies? In fact do they have/need our permission at all?

 

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[andrew1]

Great, thanks LFI - all goes in the melting pot, but I have a lot of reading and digesting to do because we have to be sure and I thank you for clarifying this for me, Flavio and everyone else.

 

Okay, then lets take it a step further: Card and debt now duly sold to DCA.

 

Our contract with the bank/card company/finance company has now ceased.

 

The DCA write to us telling us they have bought the debt - please pay up or be squashed.

 

We have no contract with them (the dca) at that point - They now have our details ( Data) given to them by the finance company

 

 

Q) In what format, according to legal procedures / Acts and in Laymans terms so we all understand, should the Debt Collection Agency in your opinion then REQUEST our permission to part with our data to register a default with the Credit reference agencies? In fact do they have/need our permission at all?

 

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anyone want to add an answer to this?