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    • ok well next time never use email esp when entering into what seems like pointless letter tennis on your behalf.?when you had no real need to reply to them in any manner or form.   it only encourages them you are a mug and gives them a free way to intimidate and harass you by email.   get some kind of records from saas/slc on what they believe is your current status as they do still do the Adminmost of these loans .      
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    • Apologies I hadn't seen that uploads need to be in PDF.   I have received the attached letter from STA which I assume is a standard letter as I've never spoken to them on the phone. I'm not sure what they mean by 're-commence recovery action'? Do I just continue to ignore them?   I have been in contact with the Uni who insist I need to pay the fees as I left the course after the first three weeks. They have not provided any evidence/documents that I signed an agreement to pay the fees or that I acknowledged that fees would be due if the course was left early. They referred me to their website which undoubtedly has changed since I was there.    I appreciate I shouldn't reply to STA however I'm not sure how to proceed with this overall.   I've read the claim form page and I'm not clear if I can request a copy of a credit agreement from the Uni as I'm not sure if its standard for a University to have required a credit agreement to be signed?    I'm not really clear what happens next and at what point I need to act. I've read about lots of different cases (fee related and non fee related) but can't find information on a case that is similar to mine. Do I wait until the Uni begins a formal action? I am concerned as I don't want the amount to increase from the already significant amount they are demanding.     Many thanks for any help you can offer.  staletter.pdf
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Cabot returned Northern Rock loan CCA full copy


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Hi I was wondering if anyone can offer some advice.

 

My partner took out a Northern Rock loan at the end of 2005 for £25,000, with agreed payment of around £37400 over 120 months.

 

As an aside it just shows how badly NR were engaged in unethical lending as she was only on £11k a year at the time.

 

She made 39 of those payments totalling just under £12200, and additionally she made around £470 in over payments to a grand total of £12670.

 

After being diagnosed with a long term illness, she lost her job and then found it difficult to repay the loan.

 

She organised token payments beginning April 2009, and paid an additional £50 before the debt was written off at just under £24700 at the end of November the same year.

 

She continued to make token payments until the end of July 2013 at which point she could no longer afford to do so, so she stopped.

 

The debt appears to have been sold on to Cabot in October of the same year (2013) for just under £1400 according to the full transaction statement they have returned, but there is no Notice Of Assignment documentation.

 

She started receiving letters from Cabot in June 2018, and she wrote asking for a copy of her CCA.

 

They have complied within the time limit with a full copy (doesn't appear to be reconstituted), including full transaction statements, and they are threatening CCJ action unless payment for the outstanding balance of the loan is made under agreed terms.

 

Like mentioned however, there was no Notice Of Assignment documentation to say how the debt was transferred to them.

 

My partner is very stressed by all this (especially due to the nature of her illness) as she has a very limited income from part time work (being unable to work full time), and I pay the rent and all bills so my money is stretched also.

 

By the way, no debts appear on her credit file, so we are worried that Cabot can also mess with that now.

 

Anyway, does anyone have advice on next steps to take?

 

My partner is looking into a (Debt Relief Order) DRO as a possible solution. Does anyone have experience with these?

 

Any advice would be greatly appreciated.

 

Thank you.

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WHen was the CCA requested, what exactly was contained in it?

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

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Thanks for the responses guys.

 

Yes the debt was written off, then seems to have been bought at a later date

 

This is exactly what is written on the supplied statement of account.

 

2009-11-26 - WOAB - Bad Debt Write Off £24674.20

 

Then

 

2013-10-15 - ITRX - Sold Off debt bal adjust £1369.89

 

We don't actually know by whom that was sold off by, and how Cabot obtained the debt.

 

They are looking to make at leasy a £23,000 profit on a debt they bought for a marginal amount. Totally disgusting behaviour.

 

Also, the CCA request sent 14th December 2018 was the standard one from template as found at this site.

 

It states non acknowledgement of the debt, cites the relevant sections of the CC Act, and requests CA and statement of account.

 

As stated earlier, this was complied with within the 14 working day time frame it seems, as my partner received the response on the 2nd.

 

Thanks for your help so far.

 

Any next steps advice?

 

Thanks.

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Cabot do not enforce legit debts. They only go after lemon debts. get doing your homework because cabot will get very greedy on this and may well try court.

 

You say they complied with the CCA request. Can you post up the response you got back please? because it must be an original copy and contain specific details for it to be compliant.

 

I think you need to make a SAR to the OC.

 

Strange cabot have left it for 5 years to try their luck. Thats another sign something isnt as it seems.

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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write -off is simply on the OC's book

quite a std entry

it cant comeback on your credit file

but theres nothing to stop Cabot trying it on if the paperwork is in order.

 

so you say you have had a CCA return?

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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The black boxes I have used to cover personal details but these details are indeed on the form including what she is sure is the correct signature.

 

The gap may be explained because we had moved without updating address with any DCA in view of the fact her condition remained the same without affordability to maintain even token payments.

 

Unfortunately, address details were updated on her credit file after giving her bank our new address after an account freeze because of returned mail.

Edited by dx100uk
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Is that EVERYTHING they sent as part of their CCA response? If so, its not compliant. Better luck next time crapbot

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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one multipage PDF please so we can rotate and zoom

read upload

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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Then youre in luck. That is definitley not compliant whatsoever. Theyre missing a lot of stuff seeing as its a 2005 agreement. Hell, this wouldnt have even satisfied a reconstituted one.

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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where are the records of the payments till 2013 you mention above?

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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looks ok to me what missing imp?

sorry I didn't see the last sheet.

 

cabot didn't pay £1369.89 for the debt..thats an adjustment by Nram

 

however if that's an adjustment ...then so is the 24674.20 write off.!!

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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Share on other sites

Thanks again.

 

@renegadeimp mentioned making a Subject Access Request to the OC...Is that Original Claimant of the debt?....NRAM?

 

What should we be looking for in the SAR to disprove the validity of Cabot's claim to the debt?

 

@dx100uk you mentioned the adjustments made on the account by NRAM, including the write off.

 

Can you advise what bearing this has on this case...Written off debt can't be collected on?

 

It would be great to know how others have dealt with this type of situation.

 

Thanks.

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looks ok to me what missing imp?

sorry I didn't see the last sheet.

 

cabot didn't pay £1369.89 for the debt..thats an adjustment by Nram

 

however if that's an adjustment ...then so is the 24674.20 write off.!!

 

Pre 2007 they need the original. Most of it is there, not all of it. Such as the full application, full terms and any changes after until termination of the account etc. Again, MOST of its there, not all. Cabot are hoping the OP doesnt notice that, and resides to paying the 20k+

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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if they write off one bit, and cabot accept it doesn't exist

then the other write off must be valid too..no debt

sar goes to the Original creditor

 

yes imp, this would have been signed at the same time as the 100% mortgage....

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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Yes. But they still need to supply it to fulfil the request :) But my money is mainly on something behind the scenes. Nobody is gonna sell a debt like that without going for the throat themselves first.

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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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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Share on other sites
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