Cabot/Ruthbridge/Capital One

[Sirbob00]

Just a quick question regarding Cabot.  

 

I believe it’s for a Capital One Credit Card taken out December 2010.

 No payments made since April 2014.  

 

There is a default registered on my credit file dated October 14, 2014.  

 

I’ve ignored all the standard letters from them regarding the debt but is it likely they can still take me to court regarding the debt.  

It’s for £568.  

Thank you.

[unclebulgaria67]

Statute baring of 6 years runs from date you failed to make a payment due.   So I guess you failed to make a payment in May 2014, therefore statute barred from May 2020.

 

Doubt they will issue a Court claim at this late stage for that amount, if they were mistaken that the statute barred status was from October 2020.

[Sirbob00]

Thank you.  I was trying to find out if the statute bar was from the missed payment or from the default date but all I could find is from the date a creditor had cause of action but I’m unsure of what that actually means.

[dx100uk]

run with defaulted date unless you can prove cap1 took months to register it.

 

pers i'd not respond until or unless you get a letter of claim

as long as you've informed cap1 or cabot in writing if you've moved since taking it out.

 

[Sirbob00]

Hi.  
 

yes I informed Cabot that we’d moved and the correct address shows on the credit file.

 

Can I just ask.  I was trying to find where I’d read after the default expiring 14 days after the date it’s recorded.  Is this correct.  So the recorded date is the 14th October but they would have until the 28th October to make a claim.

[London1971]

That’s correct, always assume the default date if the last payment was made before them. That said at this stage it’s supremely unlikely that they will do anything.

[Sirbob00]

I’ve received a letter today from Cabot Financial saying that as they’ve been unable to reach an agreement with me they’ve passed my account to a company called Ruthbridge.

 

It’s regarding an old Capital One credit card which doesn’t show on Credit Karma, Clearscore or Equifax and Experian has my credit score at 998.

 

I believe the last payment was in April 2014 and I wrote to them in Jan 2020 to advise of our correct address apart from that I’ve never called or acknowledged any letters.

 

Has anyone heard of Ruthbridge as it’s a company I’ve never heard of before.

 

Many Thanks

[dx100uk]

just another business within the cabot group.

 

its now SB'd so send cabot our SB letter...

[Sirbob00]

Do I send the SB letter to Ruthbridge?

 

Apologies I hadn’t realised I already had a topic open.  Thank you for merging.

Edited November 25, 2020 by Sirbob00

[AndyOrch]

No ..its goes to Cabot.....Ruth are part of the same group but not the legal owner (Assignee)

[Sirbob00]

Sorry just a quick question before I do the letter.

 

Do I ignore the fact that the letter from Ruthbridge says that I must contact them and not Cabot.

 

Thank you

[AndyOrch]

If the address differs then yes send it to them.

[Sirbob00]

Yes the address for Ruthbridge is different to that of Cabot so I’ll send to Ruthbridge 

[Sirbob00]

And I’m ok to sign this letter.

[dx100uk]

Why?

Read the template!!

[Sirbob00]

I have.  Says sign or print digitally but I had to type the letter out due to using iPad so wondered if I would just sign normally 

[AndyOrch]

Im sure it states on the template " [PRINT OR SIGN YOUR NAME DIGITALLY]

 

Emphasis on the " DIGITALLY "...so not by hand

[Sirbob00]

Thank you.

 

I was using my iPad and it wouldn’t let me change anything but I’ve asked my husband and he’s done it on his laptop.  Sorry for being an idiot.  I’ve spent the morning having chemicals pumped into a helmet I’m having to use to fumigate student bedrooms and it’s obviously gone to my head.

[Sirbob00]

I’ve sent off the SB letter first class recorded delivery.  
 

I have just printed my name digitally but was wondering do they have to accept it without my actual signature.  Can they be awkward about it?

[dx100uk]

why do you have to sign it?

they don't even know What your sig looks like...

there is no requirement 

 

pity you wasted moneu on signed for ...all you needed was a 2nd class stamp and free proof of posting from any PO counter.

 

[Sirbob00]

I followed the instructions by The Librarian where it says it should be sent recorded delivery 

[Sirbob00]

I received a letter from Ruthbridge today in regards the SB letter I sent.

 

it just says that after liaising with their client (Cabot) the account has been returned to them in order for them to deal with the matters raised.  It also says the account with them has been closed and I’ll receive no further communication from Ruthbridge.

 

Then it finishes by saying that our client will be in touch with you shortly regarding the issues raised.

 

So now I have to wait for Cabot to get in contact with me.

[dx100uk]

doubt it .

they'll drop it like a hot brick.

damn we got caught trying to fleece someone for our xmas drinks party bill on free money from MUGS.

 

 

dx

 

[Sirbob00]

Brilliant.  Thank you.  I’ll update with what happens next.

[London1971]

Don't lose any sleep over Cabot. They can say anything they want in future but can't change the fact that it's now Statute Barred.