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

[elizabeth1]

pERHAPS we should form a venture capitalist group and buy them out !

 

( I've got a spare shilling (had budgeted it for the gas meter) to fund the purchase ( management buy out) of cabot(we've got some privet in the garden so perhaps i could form a "hedge fund") then we could sack em and sell the debts back to joe public at 10 pence in the pound .

 

In fact why couldn't some charity set itself up like cabot ?? and do just that ??

 

 

I RECKON WE'D MAKE A REALLY GOOD TEAM!!! :grin:

 

Maybe that's their problem ? too many EGO's to get the job done right? did no one ever tell them there is no "I" in team? I often see it's the complete lack of internal "communications" that causes problems in these companies as left hand never knows what right hand is doing etc.. and they repeatedly fail to cascade information and decisions made to the relevant staffing etc.. - but while that stuff goes on the bigger the problems get?

[Seahorse]

No lack of communication in my last email Liz. WW, NG and KM all got a copy. So they have NO excuses.

 

:lol::lol::lol:

[elizabeth1]

No lack of communication in my last email Liz. WW, NG and KM all got a copy. So they have NO excuses.

 

 

 

:grin: :grin: :grin:

[tbern123]

Well tbern seems a likely candidate doesn't he? - "lives down the road" he said - they might employ him to square up against we Caggers - :o

 

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

[tbern123]

I'm sure they wish some of us would just go away, Liz. But haven't they thought that perhaps a simple letter saying, OK, we give up, would MAKE some of us go away?

 

You have hit the nail on the head seahorse.

 

On a selfish note, I would glady go away.... But I want a cheque with my simple letter...

[TideTurner]

Who needs paying? My greatest buzz is going against those who considered themselves untouchable.

 

With respect to a buy-out, shouldn't we ensure their share price hits the floor first?

 

Carry on CAGers, the hunter is now the hunted.

 

Tide

[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

[Seahorse]

Too late, WW. Somebody else has come up with an answer for me.

 

bfb in this thread HERE, says...

 

If the bank takes money unlawfully it is they who must refund that to you

They cannot sell the responsibility to refund money that they should not have in the first place That is different to selling their right to recoup money owed to them Having said that if they do sell a gross debt that means they have sold an incorrect to the buyer so there is the question of data protection false defaults misrepresentation and much more and what can the buyer chase for when they have bought at best a pig in a poke If they chase for the gross amount then that is not acceptable.

[tbern123]

Finally had a response from Experian today...

 

----- Original Message ----- From: "CreditExpert"

To: tbern123

Sent: Monday, March 19, 2007 9:19 AM

Subject: EMR1694591X

 

 

 

Our Ref: CMP/40823010

 

Dear tbern123

 

Thank you for your email, which we received on 11 March 2007.

 

The search made by Cabot Financial (Europe) Ltd is an unrecorded enquiry. An unrecorded enquiry is a search made for non lending purposes such as a quote. Any other lender that may search your credit report cannot see this type of search.

 

In view of your comments about not giving your permission for this search to be made, I am writing to them for you. This is because I cannot amend your report without their consent. I will let you know what they say as soon as they reply.

Your credit report includes all of the previous search information we have. If you need further details, please contact the company directly who will be able to help you. The details you may need are as follows:

 

Cabot Financial Services (Europe) Ltd: 10, Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4LT

 

 

I won't hold my breath

[Seahorse]

So!!! Cabot can do a search without your consent, but the CRA's need Cabot's consent to REMOVE the entry????????

 

REAL SHOES!!!!! (An anagram of Experian, I believe.)

[tbern123]

 

REAL SHOES!!!!! (An anagram of Experian, I believe.)

 

I think I have missed the joke

[elizabeth1]

I worked for an engineering company once where the shop steward ( we had unions then ( pre maggie :grin: ) was a hell raiser and had us all out on strike more times than we had lunch breaks... any excuse - 'down tools' - so what did the company do? - made him personnel manager, gave him a car, bought him a suit, doubled his salary ( probably ) and brought him into management - he was not a popular bunny with the Union but the strikes stopped - Ken - are you reading? - there's a few who might be worth employing out here ! :grin: :grin:

 

 

I reckon they employ us all and give us double salaries, posh cars and suit allowances!!! Oh!!! and extened lunch hours!!!:grin:

 

My Grandad used to always joke his ideal job would be working 12 midday through till 2pm - with an hour for his lunch break and two half hour tea breaks

[Seahorse]

I think I have missed the joke

 

If you rearrange the letters in REAL SHOES to make another word, you should get to the bottom of it.

[Seahorse]

Oh, credit report alert from Experian!!! I'm just going to see what has changed.

 

(Sorry TB, we seem to be hijacking your thread again.)

[Seahorse]

So what the heck is this all about????

 

My credit report USED to say I defaulted on a balance of £2,032, which is what Cabot are trying to lever out of me still.

 

BUT. My credit report NOW says I defaulted on a balance of £3,221

 

Either I defaulted on one figure or the other. You can't just go and change the amount after the event, Cabot. Just what sneaky, underhand jiggery pokery are you up to now????

 

Or was it Barclaycard who are being sneaky and devious, and have been in there recently? Despite the fact that they have sold the debt on?

 

Time for another query to Experian. (REAL SHOES!!!)

[ODC]

I think I have missed the joke

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

[andrew1]

Time for another query to Experian. (REAL SHOES!!!)

 

Don't worry tbern, I think we are all missing the joke - Anagram? Seahorse? Experian ? joke ? OHHHWWW _ Seahorse is the Joke, sorry tbern - now I got it ! :D

[elizabeth1]

So what the heck is this all about????

 

My credit report USED to say I defaulted on a balance of £2,032, which is what Cabot are trying to lever out of me still.

 

BUT. My credit report NOW says I defaulted on a balance of £3,221

 

Either I defaulted on one figure or the other. You can't just go and change the amount after the event, Cabot. Just what sneaky, underhand jiggery pokery are you up to now????

 

Or was it Barclaycard who are being sneaky and devious, and have been in there recently? Despite the fact that they have sold the debt on?

 

Time for another query to Experian. (REAL SHOES!!!)

 

Geez!!!! Looks like they need new accountants too?? that's some change of balance!!!

[elizabeth1]

You have hit the nail on the head seahorse.

 

On a selfish note, I would glady go away.... But I want a cheque with my simple letter...

 

 

Somewhere sunny, palm trees, shades, floppy hat, sand, sea .....??

[Rhia]

Jeepers. I go away for a day or two and all hell breaks loose...great work!

So in Mr Crawford's view we who have the brass neck to contest their methods, morality and legality are rogues are we? I take it he means like those Japanese "rogues" who were "systemically massaging their accounts" to get within a gnat's of being delisted by the Tokyo Stock Exchange. Oh whoops! Forgot, they are the "rogues" who are bankrolling Cabot.

Also let's get a historical perspective of their use of the 1925 Property Act to support their activities. In 1925 the man in the street just didn't borrow money. There were well-to-do folks with property and land but the working classes usually either starved, went without or pawned the odd item. That carried on until the 1960s or so when the most anyone borrowed was a small mortage or the odd HP for a fridge. By 1974 the consumer credit market was growing apace and needed new legislation to PROTECT THE CONSUMER and so it's fair to say that this act is the one to be called upon in cases of consumer credit.

Also Mr Crawford if you're reading. I am owed a tidy sum in "restitution" by the original lender so I will be taking great pleasure in pursuing you for said resitution via the courts if necessary.

[elizabeth1]

Jeepers. I go away for a day or two and all hell breaks loose...great work!

So in Mr Crawford's view we who have the brass neck to contest their methods, morality and legality are rogues are we? I take it he means like those Japanese "rogues" who were "systemically massaging their accounts" to get within a gnat's of being delisted by the Tokyo Stock Exchange. Oh whoops! Forgot, they are the "rogues" who are bankrolling Cabot.

Also let's get a historical perspective of their use of the 1925 Property Act to support their activities. In 1925 the man in the street just didn't borrow money. There were well-to-do folks with property and land but the working classes usually either starved, went without or pawned the odd item. That carried on until the 1960s or so when the most anyone borrowed was a small mortage or the odd HP for a fridge. By 1974 the consumer credit market was growing apace and needed new legislation to PROTECT THE CONSUMER and so it's fair to say that this act is the one to be called upon in cases of consumer credit.

Also Mr Crawford if you're reading. I am owed a tidy sum in "restitution" by the original lender so I will be taking great pleasure in pursuing you for said resitution via the courts if necessary.

 

 

Rhia you are so right !!!!

 

GONE are the days where these companies can ride over us all and take us for these huge sums of money as they've become so accustomed to for supporting their own rich living!! So it's high time they got used to it ??

 

These people are behaving like toddlers in such comments as "rogues" - because we simply dare to question their authority?? :grin:

 

ME THINKS THEY NEED TO LOOK VERY CLOSE IN A MIRROR AND THEN IF CAP FITS?? Me reckons Mr C has his nose too near his rear end and don't like the smell ? It's an outrageous comment from him classifying people as "Rogues" because he hasn't got answers to our reasonable questions - what sort of businessman is he?

 

Answers on a postcard PLEASE!!! Let's keep this forum clean - children maybe reading :grin:

[InKogneeToh]

Love it! Love it! LOVE IT!

 

I can just smell the gunpowder from here!! :D:D

[tbern123]

Don't worry tbern, I think we are all missing the joke - Anagram? Seahorse? Experian ? joke ? OHHHWWW _ Seahorse is the Joke, sorry tbern - now I got it ! :D

 

 

Thanks Andrew1... I was sitting there thinking, how did seahorse get that from Experian....... lol

[InKogneeToh]

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!

 

 

 

 

 

 

[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