Cabot asking for payment for LLOYDS TSB credit card debt.

[AndyOrch]

Andy - just received last transaction information. On the 15th April 2009 two transactions took place on the account. Both were payments made to the account, one was for £1 the other for £201 pounds. That was the last time the account was active I assume. They also said that the account was placed into recovery on the 28th October 2009.

 

[unclebulgaria67]

Andy - just received last transaction information. On the 15th April 2009 two transactions took place on the account. Both were payments made to the account, one was for £1 the other for £201 pounds. That was the last time the account was active I assume. They also said that the account was placed into recovery on the 28th October 2009.

 

So if you made no payments after April 09, then the account would have gone into default in about June/July 09, so will be statute barred. With credit cards, it is usually about 2 months after a missed bill that the default is registered.

[AndyOrch]

Assuming they have issued a Default Notice UB......had a couple of cases were the Court accepted defaulting upto one year later was acceptable and the cause of action...madness.

[unclebulgaria67]

Assuming they have issued a Default Notice UB......had a couple of cases were the Court accepted defaulting upto one year later was acceptable and the cause of action...madness.

 

A case of examining the account t&c's,

asking for copy of default notice and

a copy of the creditors internal account processing manual.

 

 

All companies covered by FSA/FCA, have to have fully documented processes for accounts,

which shows how their staff should deal with customer accounts.

This is so that it is possible for auditors to check that the company is maintaining the financial standards expected under FCA handbook.

 

 

When you get audited, they check a load of random customer accounts and compare it with the process guides/maps.

 

Would suggest that the default a year later is an exceptional case or the creditor did not have to disclose the standard process model they followed to meet account terms, as well as regulators financial standards.

[scrivenger]

So the cca request letter was signed for on 07th January......

[dx100uk]

they have 12+2 working days from the day you sent it.

 

 

dx

[scrivenger]

So the 26th of Jan?

[scrivenger]

Just received today 12th Jan a letter from Cabot dated 8th Jan.

 

 

QTE You recently sent us a payment by postal order,

unfortunately we were not able to cash this postal order because there was no payee filed out . UNQTE

 

 

Then

 

 

QTE When sending your cheque to us, please ensure the amount of payment is stated on the cheque UNQTE

 

 

I left the PO blank as suggested above but I had filled the amount in!

 

 

I imagine this is a stalling tactic by Cabot but

 

 

my question is does the clock still tick re the 12+2 days from the day I sent the CCA request

or has this letter negated that?

 

 

Thanks in anticipation..

[dx100uk]

yep std crap.

 

 

send it back

 

 

and no don't use a cheque or sign anything.

 

 

dx

[scrivenger]

So just to confirm. I send it back, do I leave it blank again or insert Cabot? , btw they have writen my account number on the back and the word 'ops'. Do I send another CCA request with it or a letter? And what has this done to the 12+2 day timetable. Thanks again..

[dx100uk]

you could write cabot on it

 

send another cca request

 

as you are not paying the 12+2 working days are immaterial really.

 

until/unless the produce an enforceable agreement

 

they cant demand anything

 

dx

[scrivenger]

Ok resent.

[scrivenger]

Today, 23rd Jan, letter received from Cabot.. .......... 'We confirm that we do not hold all your information on file, therefore we have requested a copy of the Agreement and Statement of account from the original creditor and will forward to you upon receipt. The account is on hold whilst we await this information.'

 

How long do they have to provide this information?

 

Thanks in advance

[AndyOrch]

Posted in error

[Guest]

doesnt appear to be one, yet.

scrivenger - if it was placed in recovery oct 09 (that usually indicates a prior default), and no payment/acknowlegment since then, bar looks likely

[mikeymack2002]

Just sit back and wait for those at Cabot to say we will leave your account on hold as the original credit needs to find the agreement. When that arrives don't start letter tennis its counter productive. Their letter will state they have 40 days to comply not true...

 

 

Simply wait and keep ALL letters from Cabot. Then only respond to them within say 30 days between each letter. Then stay off of the phone unless you are recording it....

[scrivenger]

Good Afternoon,

 

I'm after some assistance please with the following:-

 

I received today in the post a letter from CABOT regarding my account. It states that 'as we have not been able to come to a mutual arrangement to repay your account, Cabot Financial will be passing your account out to Ruthbridge Limited, a debt collection agency.'

 

My previous dealings with Cabot involved me sending an SB letter that was kindly supplied by yourselves. That was over 7 or 8 years ago now and I hadn't heard from them until today.

 

My question is should I send another SB letter to Ruthbridge or should I just ignore them?. I'm assuming Cabot have sold the debt on and that Ruthbridge will just use slimeball tactics to try and convince me that I still owe.

 

TIA

 

Scrivenger

[dx100uk]

which debt is this

the citi card

or

the Lloyds card

[scrivenger]

The debt refers to a LLoyds TSB card

[dx100uk]

threads merged for history

 

cabot have not sold the debt anywhere

 

if you read the letter carefully

you'll see ruths are just another trading name/sol? and their client is cabot.

 

since you sent the old SB letter

the rules have change and the FCA conc rules have come into force

 

send cabot our new SB letter

in the debt collection section of our library

you should then hear nothing more

 

 

since

[scrivenger]

Ok, i'm very grateful for your advice. I will follow it and send a revised SB letter to CABOT. However I am unable to find any refereance in either letter to Ruthbridge being a solicitor. Grateful if you could show me where.

 

TIA

 

Scrivenger

[dx100uk]

correct just another cabot trading name

[scrivenger]

Thanks for assistance, very much appreciated. Both letters sent.

[dx100uk]

both?

 

dx

[scrivenger]

Yes 1 SB letter to both Cabot and Ruthbridge.