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Kel1702

RBS credit card Debt now sold to cabot - was paying - what now?

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Hi all

I've received a letter from RBS saying my debt has been sold to from 3rd July. I had an agreement with RBS to pay which was paid on 13th July and august as I didn't know my debt had been sold on. (I've been paying it in a small monthly payment for years)

 

If I stop payments and 3 letter Cabot - will my monthly payments in July and august go against me as a sign of admitting liability of the outstanding balance?

 

Should I stop payment for September and 3 letter? Or stop payment and wait for more letters?

 

Confused and worried. Thanks

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3 letter not that stupid FOTL nonsense = you would be up the creek there if that is what you are going to use it, we do not carry on with that 3 letter nonsense on here and would spend more time with genuine people with genuine cases.


:mad2::-x:jaw::sad:

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What would you suggest that the course of action is then?

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You wait for cabot to contact you And relax, cabot do NOT buy or chase enforceable debts. They only go after ones that are lemon debts and nobody else will touch. Do your homework on the debt, and provide more info.

 

Stay away from the 3 letter nonsense. It doesnt work and will lead you into further trouble.

 

Once you get a letter from cabot, come here for advice. Stay away from all sites that say to do the 3 letter thing. They just want you to get into trouble, so they can charge you for pseudo legal advice.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Thank you. Do I cease payments through the OC in the meantime?

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If the debt has been sold, then the OC wont be appropriating the payments to the account


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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The letter says that it was sold in July and any payments I have made since or continue to will be passed on to Cabot. So have I inadvertently admitted liability?

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can we have the full history of the debt please


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

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It's a credit card from RBS for £915 I believe is from before 2007

I lost my job and entered into repayment with RBS around 2010/11

I have maintained the small monthly payment and have now received the letter saying they have sold to Cabot in July but I didn't know and made my monthly payment in July and august as normal.

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can we have the full history of the debt please

 

It's not pre 2007 my mistake it was taken out in 2008 and default was jam 2012

Edited by Kel1702

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Urm not much point in a CCA request

But no harm in sending one

Wait the next letter

Keep paying RBS for now


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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i disagree. Send teh CCA to cabot i f and when they contact you. The debt is either full of charges or its got no paperwork. If cabot has it, its almost certainly one of the two.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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well if the op's not got all the statements from day one an sar to rbs might not be a bad idea too/


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Thanks for the advice . Can I just check the purpose of an SAR I'm confused by the whole process

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have you ALL the statements?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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have you ALL the statements?

 

No I don't. But what would the request help to do in terms of Cabot chasing the debt?

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stop worrying about a powerless DCA

they ARE NOT BAILIFFS!!

 

 

it could well be this debt contains £12 penalty fees from RBS for late/overlimit ?

ever seen anything like that on your monthly statement?

or don't you get those ?

 

 

how long have you not been paying what you should be?

not got PPI too have you?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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I don't have statements - they did send me them when the account was active and no doubt will have received penalty fees. I'm not sure about the PPI - i seem to recall cancelling something like that that was on the account when it was active but I'm not 100% sure

 

Since around 2012 I've been paying a nominal monthly amount each month

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send rbs an sar then

 

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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send rbs an sar then

 

 

dx

Thanks will do. I'll update when I get a response and or letters from Cabot. Thanks for your help it is much appreciated

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and another point, as you are making payments you cant suddenly claim that you are not liable. It may well be that there are good reasons why the debt isnt enforceable or the amount is wildly wrong but the limitations act wont help you

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