Information on Cabot

[andrew1]

Full of ingenuity with a name like KMC Towers - who's he think he's fooling?

 

I'd like to believe there's a serious side to the questions being asked though.

 

Might it be that there is some interest in the fact the Cabot Fan Club are beginning to make their presence felt?

 

Letters certainly have been sent to DCA's from the Fan Club to my knowledge so there is credibility in his/her post.

 

I think for the avoidance of any doubt the Debt Collection Industry should be aware that the Cabot Fan Club will not be restricted to Cabot alone. If you want to know what the ' mandate ' is I'm afraid you'll have to sit back and wait, but suffice it to say, and I have said it in many, many posts going back 9 months or more that my personal objective is to clean up this industry from the coalface to the surface and as long as the management of these companies continue to instruct their staff to flout the laws of the land, continue to mis-train, abuse debtors rights ( whether accompanied by the duties or not ) fail to allow humility and respect at a time when people are often in dire circumstances, harass when the laws state they cannot, have no documentation to support the alleged debt they chase, continue to buy old debt and harass when the account is statute barred, then they will be visited by the likes of The Cabot Fan Club and ALL the DCA's with debtors accounts that raise their heads on this forum or in a whole range of other forums, will find themselves deluged with CCA requests, S.A.R - (Subject Access Request)/Data Protection Act requests, Letters to respond to from Information Commissioners, Trading Standards followed by legal challenges to bring them into line. This will be done by providing the debtor with the tools to do it, a simple DIY and all the backup they need. I will also be looking for these bloodsucking organisations to put something back into the communities from which they survive, such as sizable donations to Debt Charities who struggle to help so many in debt for one. ( I spoke to a charity yesterday who had, through her knowledge, saved a person over £87,000 because of a mis-sold product and where the debtor had had his house repossessed. She did it for free, she got nothing in return as this debtor was on his knees having lost house, wife and family (not in that order!) over debt and non should have happened but for the aggressiveness of Debt Collectors).

 

I RESPECT the fact that sadly the Debt Collection business is going to be with us and that they have a responsible and necessary job to do. ALL I want is for them, like any other business or service TO ABIDE BY THE LAW

 

Can someone send me an application form to join this Fan Club? Do I qualify?

 

KMC Towers, I hope this gives you an insight? Not a mandate but a jist of what is to come and if you are working for a DCA and are in touch in some way or another with the CSA of which Herr Maynard presides and the inner circles of the Credit/Debt collection industry may I suggest you spread the word because if you don't see the Cabot Fan Club over the right shoulder, it will sure as hell be over the left...

 

 

Sarah

 

PS. Seahorse - it wasn't me - honest!

[elizabeth1]

Sarah - these DCA's should know what they have got to do?

 

CLEAN IT UP & ABIDE BY THE LAW !!

[andrew1]

Just for the confused 'Andrew' is the name of my Dog

 

Sarah xx

[Seahorse]

Just for the confused 'Andrew' is the name of my Dog

 

Sarah xx

 

Aww, Sarah. I suppose that means you are carrying your love for your little doggie around with you.

 

Sweet.

 

Hmm. Surely that nice Mr Maynard himself wouldn't be the nice Mr KMC Towers, would he? Surely not. I wouldn't think he'd stoop so low. Of course not. He has many minions to stoop low for him.

 

Maybe I should just email him and ask him outright?

[rory32]

Subscribing.

[andrew1]

Subscribing.

 

Good to have you on board Rory but to subscribe just hit the ' Thread Tools' button at the top of the posts and click ' Subscribe to this thread' - otherwise the threads will have hundreds of these 'subscribing posts all over them.

 

Sarah

[rory32]

Thank you Sarah but I did work out how to use the toolbars quite some time ago. I was merely expressing my interest in this thread.

[KMC Towers]

Thank you Sarah, the postings have begun to display a certain amount of intellectual flair I would expect in a debate as serious as this.

 

Needless to say, Debt Recovery organisations are not normally responsive in any way to threats or 'promises' as the letter implies which might happen to those not wishing to change their tried and tested methods of business.

 

What makes you so sure your little campaign will have any effect what so ever?

[debt_mountain]

not wishing to change their tried and tested methods of business.

 

Not willing to change is a major failing in business.

 

What makes you so sure your little campaign will have any effect what so ever?

Because we (CAG) have their cards marked and I bet the banks didn't think us little consumers could causes them such a back lash.

 

Remember that it is still the OC who is responsible for the collection methods of a debt even once it is with the DCA, so when they too are dragged back into it and they begin to get some of the splatter from the stuff hitting the fans, I think there may be a bit of push back on the DCAs from them too.

 

Welcome to CAG by the way.

[rory32]

Debt Recovery organisations are not normally responsive in any way to threats or 'promises' as the letter implies which might happen to those not wishing to change their tried and tested methods of business.

 

I'm unclear what you mean by tried and tested methods of business. Do you mean the unlawful harassment, threatening court action without a copy of the credit agreement, threatening court action without a legally valid NOA, threatening court action with an irredeemably flawed DOA, or defamation of the alleged debtor by applying defaults unlawfully onto their credit record?

[KMC Towers]

I'm unclear what you mean by tried and tested methods of business. Do you mean the unlawful harassment, threatening court action without a copy of the credit agreement, threatening court action without a legally valid NOA, threatening court action with an irredeemably flawed DOA, or defamation of the alleged debtor by applying defaults unlawfully onto their credit record?

 

 

In a nutshell - Yes. This seems to be the practice that most are concerned about and to which your 'fan club' appears dedicated. The letter referred to did have certain resonance and created a debate as to what the likley outcome would be. I was more inquisitive as to the Fan Clubs' intention on a more practible basis than an indesciminate letter. Sarah has outlined and Seahorse has changed some of his posts to reflect their position and I take it both are connected to the Fan Club. I am not so sure about you Rory as your other posts are occaisionally conflicting with the above veiw. Maybe I should re-read your posts before commenting further. Thank you for responding never the less.

[Seahorse]

Oh, heck. He's back. But doesn't sound now like he IS from Cabot. Certainly not our pal, Ken Maynard.

 

Hmm. Still an argumentative little sod, though.

[djdave]

I'm not sure what KMC Towers' vested interest is in all of this.

 

The way I see it, Debt Collectors are a necessary evil and have a legitimate right to be in business - but they must adhere to the law.

 

Too often the sail close to the wind, and in many many cases blatently flout the law to exploit consumers' ignorance and fears.

 

I know this because I've been in that position. I've paid vast sums of money to debt collectors over the years because of their bullying intimidating tactics. I had a gut feeling I didn't owe them anything, but no idea of how to use the CCA and Data Protection Act to prove my case.

 

Now after a few months of CAG membership, I feel confident to take them on - and I'm winning so far. My state of mind is infinitely happier than before I discovered this site.

 

I'm pretty computer literate, I know how to search for things and that's how I ended up here. I'm also willing and able to adapt template letters, and confident enough to write my own from scratch. I guess we all feel the same.

 

But for every one of us, there's probably a hundred people scared to answer the phone, scared to open their post, afraid to open their front door, losing sleep over threatened legal action; simply becuase they have unwittingly fallen for the vile antics of the DCAs.

 

I'm not saying that anybody should deliberately avoid their debts. But in my case most of the debts that were being chased simply didn't exist, and in others I was genuinely trying to make small payments but my offers were falling on deaf ears. I know that the majority of posters here are in the same situation.

 

It's people like us who need to be empowered. People with legitimate gripes against DCAs who historically never had a voice, people who just coughed up even if it meant going cold or hungry, people who didn't know how to fight back.

 

If someone owes money and doesn't want to pay it, I've got very little sympathy for them.

 

If however they are in difficulty, struggling to meet even the minimum payments, or simply being chased for a non-existent debt then I really do not understand why anybody would have a problem with them being helped.

 

Unless they had a vested interest, of course...

[Seahorse]

I don't think I agree that they are a NECESSARY evil. I know bottom feeding **** suckers with more morals than this industry. Oh wait. They ARE bottom feeding **** suckers. Without any sort of morality.

 

If they didn't exist, you'd just have to deal with the original creditors. Who wouldn't be able to enjoy certain tax breaks. Shame.

[Curlyben]

Post #61 is extremely telling, especially as "they" are basically saying that they will flout the law to get at "their" money.

 

Shame really.

 

So we have debts and are finding things difficult, nut if Mr DCA would actually stop and listen to our concerns and issues then they would get a whole lot more out of us.

 

Simple things like doing as we ask regarding repeated phone calls, checking with the OC that the debt is truely enforceable and undisputed, actually being honest with us rather than threatening court action or bankrupcy.

 

You know the simple thangs that make us HUMAN rather than baying dogs

 

So far I have only come accross 2 DCA agents that even attempted to listen to my concerns. My condolances to these people for working in this industry and keeping their humanity.

[KMC Towers]

A Debt Recovery Agent will rarely if ever, "say they will flout the law". Practices need reviewing. Perhaps some attention is being paid to the objectives aired herein, it will certainly be raised at certain meetings within the industry if this is of any consolation.

 

The objectives of the 'Fan Club' appear to be to ensure changes happen, quite how they will achieve this is somewhat unclear apart from the quote of Sarah regarding a 'deluge' promised of claimants turning from being debtors into the 'aggressors' - an interesting concept considering what has happened to the banks (as is evidenced within this and numerous other groups and forum) and one I am sure will not be missed by the Debt Recovery Industry as a whole despite their more ' Commercial and somewhat frowned upon' approach.

 

Enlightening.

[Seahorse]

I certainly hope so, Mr Maynard. Sorry, Mr Towers. I do HOPE that the industry at least discusses the way they conduct their affairs. However, I do not EXPECT it. For the simple reason that way too many people are still being intimidated into paying debts that at best, may be inaccurately claimed, and at worst, they simply do not owe at all.

[Seahorse]

OK you clever folks out there. If you are fluent in Spanish and/or French, the Cabot Fan Club needs you!!!!

 

We are soon to go live with our own website dedicated to those wonderful people at Cabot, and thought that since they have gone all European, we should too. I'd love to have pages written in French and Spanish so that Cabot victims from those countries might see that their UK cousins are fighting back.

 

If anyone can help, just drop me a PM. Or email me at [email protected]

 

Cheers folks.

[Curlyben]

How about this: AltaVista - Babel Fish Translation

[Seahorse]

Hmmm. Have you ever tried translating from one language to another and back again with Babel Fish? I'm not sure it wouldn't lose something in the translation.

[Curlyben]

It's even more fun if you go via something completely different

[elizabeth1]

How about this: AltaVista - Babel Fish Translation

 

Babelfish is funny when it translates wrong - it doesn't always allow for the masculine and feminine nouns etc.. - so it often reads quite nuts

 

A bit like Cabots though ?

[Seahorse]

By popular demand, the Fan Club has just acquired it's own domain name. Just a holding page at the moment, but when the content is finalised, I'll be making a new announcement.

 

It will be at The Cabot Fan Club - Friends of Cabot Financial (UK) Limited

 

Be patient, Cabot Buddies.

[KMC Towers]

I must congratulate you on your own ingenuity Mr Seahorse..I believe one or two individuals might not be too happy with this development.

[Seahorse]

I did consider that possibility, Mr Towers.

 

However, my own thoughts were, if Cabot wanted the domain name, surely they would have purchased it when the eu domains became available some considerable time ago. I assume they did not envisage the need for it then, and so I have a legitimate right to acquire it myself, as the name lends itself rather nicely to the purposes I require it for.

 

I am neither making any misrepresentations, nor am I "cybersquatting", therefore I do not anticipate any dispute over ownership.