Cabot letter RE HSBC Loan

[renegadeimp]

Post up that agreement and statement and redact any personal info from it. Others will comment on the rest.

[renegadeimp]

They will need a fully compliant CCA before they can do anything. Cabot rarely ever have that correct paperwork. They wont even have it at all or even start to look for it until you ask.

 

 

For a debt that size, the oc would have taken it to court long ago instead of selling it to cabot. The debt is 100% a lemon debt, you just have to find out how. My moneys on no compliant paperwork.

[renegadeimp]

If you sent the CCA request, they have 12+ 2 days to get that agreement in a fully compliant form. They will try and say they have 40 days, but they have just 12+2. No agreement, means no court action and means you dont have to pay a penny.

 

Meanwhile, get a full SAR to the OC. You really need to be doing your full homework on this one, as if Cabot can come up with the correct agreement, you still need to find out why a debt that large was sold on. Cabot rarely ever deal in legit debts and certainly not legit debts that large.

 

remember, for a debt that large, cabot will be very greedy and will try and go to court as fast as they legally can hoping you will not realise and fall prey to them.

[renegadeimp]

There ya have it. Cabot dont have the CCA> What they sent you in response to the CCA request is not compliant.

 

Even for a reconsituted one, theyd need an app for, plus terms and conditions of the loan. Can you see them there?

 

When did you take this loan out?

 

edit: i saw you posted: Experian the opening date of account is 2003,

 

Well done cabot, Youre chasing a lemon debt as you know you need the full original CCA to do anything since the agreement was took out that long ago.

 

Well done brokentechie.!! Theyre calling your bluff and hoping you dont realise its non compliant basically this account is dead in the water until they can get the original ( they cant which is why the OC didnt take court action) or it becomes Statute barred.

 

essentially, you just wiped this debt until one of the above 2 criteria are met. better luck next time cabot.

[renegadeimp]

You need to find out why experian have that start date.

 

In any case, the CCA is still non compliant. So until one of the 2 requisites i mentioned are met, they can do bugger all.

[renegadeimp]

A reconstituted must have the app form and terms and conditions as reasonably close as possible.

 

What they gave you isnt that. Theres a bit of the original there, but the rest of it, even a complaint reconstituted part, is missing. So its UE, which is why ( in my opinion) the OC sold a debt that large for pennys to a DCA, instead of going to court and reclaiming the full amount themselves.

 

Have you done the SAR yet? Maybe that will show a lot more detail, including anything you can reclaim, or any underhanded moves on the banks part which caused them to get rid of the account.

[renegadeimp]

They still havent got the CCA no matter when it was taken out. Im sure the SAR will show up a lot of things too. Cabot know very well the CCA isnt complaint, but it wont stop them lying and trying to say they are right and you are wrong. All they see is the big number they can get off you and they get greedy as hell.

[renegadeimp]

Wait and see what the Sar comes back with. Meanwhile if cabot continue to harass you, send them the letter from can library that says they haven't complied with your legal request.

 

They will try and say they have but they know very well they haven't