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Hi

 

I took out a loan with Clydesdale bank loan a couple of years ago and had difficulty in keeping up payments.

 

Looking at my Credit report they have marked the account satisfied/settled and transferred the account balance to Cabot.

 

Cabot is now showing up on my credit report with the balance and they are now demanding payment sending letters about agreements and possible court action as I have not acknowledged or responded their letters to get in touch.

 

can they do this even though I have never had or signed an agreement with Cabot.

 

Any help on this would be greatly appreciated :)

 

Thanks

moneymaker™

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Cabot will have bought the debt for pennies and can legally chase for it if they have followed the correct procedures.

Have you had a notice of assignment?

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whats the defaulted date

when did you last pay anything

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I cant find the letter from Clydesdale at the minute but they had sent out a letter with a letter from Cabot inside saying that they will now be taking over the loan agreement and that any future payments i make should be sent to cabot.

 

I think the last payment sent to the account was a token payment about last June/July

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urm wonder why they sold it on.

 

not got PPI or heaps of penalty charges have you.

 

what was the original sum and how long did you pay?

have you still got any paperwork?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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when did you take it out and for how much

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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