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Cabot/Nolans threatening court action - hitachi loan. Scotland

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Hi,

 

It’s my first time here and I could use some advice!

 

I defaulted on a Personal loan in 2016 after I lost my job due to health issues.

The amount owed is approx £3.5k.

 

I’m still not working and have no income not even benefits.

(I’m fully financially supported by my partner).

Since the default I have made no payments whatsoever.

 

The debt was passed to Cabot and I have been receiving letters from them for the last couple of years.

 

Recently they have instructed Nolans solicitors to recover the money.

 

I have been incredibly stressed out By everything but I managed to borrow a bit of money from a close relative to see if they will accept a settlement offer and they flat out rejected it.

 

I was told I had to offer the full amount or I will be taken to court.

 

I’m not in a position to offer anywhere close to the full amount.

 

I asked for a copy of the original credit agreement because I can’t remember fully the amounts that were borrowed or interest rate.

 

I am waiting to hear back from them.

 

I only made that settlement offer as I panicked and knew that my settlement offer was definitely lower than what I originally borrowed.

 

I’m really worried about everything and hope that someone can give me some advice on what to do next?

 

I live in Scotland if this makes any difference.

 

Thanks in advance

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did you take this out whilst resident in Scotland?

 

who was the loan with [the original creditor]?


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Hi,yes I was resident in Scotland.

The loan was taken out with hitachi.

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so we need to investigate why hitachi have sold this on so quickly to a dca…..

 

send the dca a CCA request

 

Thread title amended

Edited by Andyorch
Thread title amended

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

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Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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Yes I guess the debt would have been sold less than a year after my first missed payment.

 

Sorry to sound silly but what is a CCA and how do I request one?

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Hit cca request and read


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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Sorry to sound silly but what is a CCA and how do I request one?

 

 

" I asked for a copy of the original credit agreement because I can’t remember fully the amounts that were borrowed or interest rate. "

 

A written request which is legally valid...you cant ask for a copy of the agreement.

 

 

Andy


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