Taking Cabot to court for failing to supply HSBC CCA + Distress etc

[ODC]

This is a superb thread. \\\\\\\\i want to keep up to date. Subscribing

 

TBERN = SUPERHERO

 

Do these ********ds not realise if they were straight and decent with their alleged debtors they may be more successful. I owed over 3 grand on a credit card. They contacted me at work once. I told them not to do so and gave them my mobile. Girl from DCA gave me hers. We sorted out my debt like two adults. If I have a bad month and cannot pay I ring her she stops dd and rings me next month to see if its ok to take it. Result = CC company get their money. I clear my debt. Lowells, Cabot and all the other parasites who lie bully and cheat can go and **** themselves they will never get a penny piece from me.

[ODC]

I am just finalising my questions for Wednesday (did I mention I was in court with Cabot (2 sleeps)), anyway does anyone have anything they want me to try to get an answer too while I have a Judge to question?

Its a pity you could not find out exactly what Crapot paid to buy the debt.

[ODC]

ODC, Cabot pay on average anything between 7 - 12 % of the face value of the debt. Something worth considering when they begin to charge interest on a debt. I am led to believe that once an 'arrangement' between the debtor and Cabot begins, they can start to claim interest if you default on payments. However, when they have paid little for the debt I find the interest on the 'full' amount a little immoral for all the obvious reasons.

 

One thing I must mention though is that Cabot buy debts from the Banks on a 'Commercial basis' and distasteful though it may be to all of us, we must remember that if it were the original creditor chasing us we would have to pay the full amount to them or some negotiated discounted price. We must not, despite what we feel, blame Cabot for taking advantage of a commercial opportunity by buying something at a discount and retreiving a higher price back.... here I go again, sounding like I am supporting Cabot - I'm not, but I have to accept, as a person in business the commercial aspects of what they do.

 

There are plenty of things I don't like about the way they go about their business, the interest issue for one, and tbern and DM are doing a fine job in exposing many things, All I want is for Cabot to become more professional in what they do and maybe put something back into the community from where they get all their profits - like helping people in debt rather than scaring the wits out of them.

Its the way Cabot and the like approach debtors. They go on the OFFENSIVE (and I mean that in both senses of the word). They are nasty ill mannnered individuals who show contempt not only for the law but the spirit of it. As I pointed out in a previous post, I had dealings with a Debt Collection Company who employed decent sensible people to deal with people. As a result they got their money, I cleared my debt. If there was an odd time when I thought I couldnt make the payment all it took was a simple call to explain. They never threatened or abused me or my family. They never harraseed me. If all debt collectors acted in this fashion this board would be a lot smaller and Cabot, Capquest, Lowell and all the other bully boys would be out of a job.

[ODC]

Best of Luck - Sock it to CRAPBOT

[ODC]

 

Mr Maynard CEO of Cabot Financial thinks:

 

 

"In addition, Citizens Advice is currently pursuing a series of court cases which challenge the right of debt purchasers to pursue a regulated debt through the courts. They argue that according to the definition of ‘creditor’ under section 189 of the Consumer Credit Act 1974, a purchaser must prove that he has acquired the duties as well as the rights to a consumer credit agreement before he can become the ‘creditor’ and therefore pursue the right to sue for the debt. This goes against the general industry belief that section 139 of the Law of Property Act 1925 applies in the case of debt purchase, which only requires that written notice of the assignment is given to the debtor in order to complete a legal assignment of a debt, and again has serious implications for the industry."

Can someone tell him its now 2007 not 1925. We the consumers now actually have rights

[ODC]

Delinquent?? They ain't seen nuffin' yet!!

Lets all go to Leeds:D

[ODC]

They could be on a fishing trip. Your name may be the same as someone they are stalking or they just want more info on you prior to your impending legal action

[ODC]

The 1 confusing thing (Seahorses is onto this one though) is that when the banks are asked for a refund of the charges they eventually pay us back even though the debt was sold to DCA, why would they do that if they could just say bugger off and ask the DCA for it? Something has not transferred to the DCA? or the banks have so much cash and see the DCA as actually doing something useful that they just let it go and pay up.

 

No wonder the DCAs quickly pass the so called debt back to the banks because it will only be a matter of time before someone more clever than I decides that if they bought the alleged debt then mot only have they bought the rights to it but also the responibilities that come with it. Or am I bein niave

[ODC]

This just gets better by the day

[ODC]

Lol, might be a step up from my current job...

Well if working for them would be a step up you must have a really crap job. A sewer cleaner would be a step up

[ODC]

I think I have missed the joke

Its what we have on the bottom of our shoes Our Soles;)

[ODC]

Hi

 

I have just re-read Mr Crawford's attack on those 'rogues' who dare to challenge a debt purchaser's right to collect on their spoils!!

 

On my first reading I was just stunned - now I am bl***y livid!! :mad:

 

This statement, in particular is making me see red!! -

 

It is just a shame that there appear to be so many debtors, and apparently advice agencies, keen to frustrate attempts by legitimate businesses to seek payment of bona fide, and usually undisputed debts.

 

 

Legitimate businesses??? Have you checked the word legitimate in the dictionary Mr C.? - alongside the most common interpretation of 'lawful', legitimate also means 'able to be defended, or reasonable'.

 

 

There is NOTHING defensible or reasonable about trading in misery Mr C.! How can the word 'legitimate' possibly be used to describe the practice of buying up a person's debt for peanuts and then subjecting him to a barrage of harassment and threats with the aim of making as much profit as possible?

 

 

As to 'bona fide' debts Mr C., what percentage of these debts are actually checked for accuracy before the systematic bullying begins I wonder? Probably 0.0000000001% would be a fairly accurate assumption.

 

 

Finally Mr C., how convenient and advantageous it must have been for 'outfits' such as yours that most debts have hitherto been undisputed. But you conveniently omit to mention that the main reason why debts have been largely undisputed is because most borrowers who are unfortunate enough to fall into your company's greedy, amoral and unscrupulous grasp are kept in blind ignorance of their rights whilst being terrorised into submission!

But not for much longer MR C., You're game is nearly up!

 

 

 

 

 

 

EXCELLENT POST

 

The worm has turned. Dot your I's and cross your T's.

 

 

The more people who tape these calls and retain them for evidence the better. The threatenting, abusive, bullying and sometimes illegal behaviour of DCA call centres would make great news in the tabloids and the courts would have a field day. Maybe then when some of them have their licences revoked and their cash cows (sorry call centres) closed will they learn to deal with debtors in a fair manner

[ODC]

I was 'warned off' from going to the press a week or so ago..Well,I say warned off, was more like advised not to (yet)...Hmmmm..Who am I to listen to anybody? lol...I'll contact my contact in the field and see what his advice is.

Not to forget that this really is David V Goliath..Cabot is owned by a multi-billion ponund (yen - dollar - whatever) company. They don't go down without a fight...Who's dressed for battle?

Surely its not beyond our tabloids to expose the bullying that goes on by these companies. Theyve manage to expose racism in the police. How hard could it be to get a job as a professional:rolleyes: with some of the less reputable DCAs and learn how they are taught. How hard would it be for a member of the press to contact 0870 ******** urgently and quote reference number ******** and listen to the torrid of abuse that most or not all of us have had to put up with at one time or another or what about pretending to be a neighbour who has got a call requesting info about xxxxxx and asking whats in it for them:lol:

[ODC]

Gosh, his statement certainly did have a tone to it. It was almost as if it was written for our benefit, take a chill pill Glenny!!

 

Anyway, found this on him (probably a case of blowing your own trumpet) but if its true, it makes our boy WW a mere amateur:

 

Glen Crawford is an Executive Director of Cabot Financial, having joined the Group in April 1998 after acting as external legal counsel since Cabot Financial's inception. a member of the Law Society of England and Wales .

 

 

Wonder what the Law Society would make of some of the alleged abuses of CCA guidelines

[ODC]

Is there any chance of him becoming the next England Football manager:D

More chance than his company have of getting money from some folk on here:-D

[ODC]

Do you think they'd sell me their shares? :D

More to the point. Would you really want them. Of course you could offer them 6p in the pound for them and then demand the company give you 100% on them plus charges or you will send the baliffs round:-D

[ODC]

I RECKON WE HAVE A CAG BUY OUT AND GIVE THEM A PENNY IN THE POUND!!

 

BUT DO WE BUY THE "RIGHTS AND NOT THE DUTIES" AND SHIRK OUR RESPONSIBILITIES?? :-D

And sell them back to the debtors at 1.01p in the pound. Result debts paid small profit to CAG = Everyone happy

 

 

 

Except the DCAs

[ODC]

DCA bosses blame evil CAG forum for telling consumers their rights. Its not fair moan bosses. I may have to give up my home in the bahamas and my yacht they moan in unison. Calls for the Consumer Credit Act to be repealed. Calls for files to be sent to Yourapain Courts

[ODC]

:-?

 

Am I the only who WW has not written too ?

You and me both. Obviously we just get the monkeys and not the Organ grinder

[ODC]

Hi tbern

 

Another great letter but IMO the overall tone of it is far too NICE! Too many 'request's and 'hope's and 'trust's!!

 

Just tell 'em (politely of course) that you have had enough of their attempts to mislead you with their inaccurate representations of their position and rights and of their blatant disregard for the legislation that was enacted to protect the consumer!!

 

Regards, Pam

Obviously he wants Ken's job:o

[ODC]

Ken and Glen still own a decent share in Cabot Financial

Bit like a share in the Titanic then

[ODC]

What a silly Billy he is.

[ODC]

Yes Tide, I agree with that, I have written to him several times but have been answered by one of the other "presidents" (YAWN). He only wrote to me when he sent me the Frankenstein copy of my "executed agreement", and very self-satisfied he sounded too! Idiot.

Duhhh!!!!!! Does he not think the Court would like to see the real one not the Photoshop version:D

[ODC]

 

With respect to Billy Boy, he is ultimately responsible for the actions of his staff, which carry a maximum jail sentence of 7 years.

 

See you in the showers Billy Boy.

 

Tide

If ONLY:D That would change the attitude of some of the DCAs who are not as efficient and professional as Cabot:rolleyes:

[ODC]

Will WW get his P45 or will he do time