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becky75

becky v cabot old monument card !

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Hi all

 

well im in a debt management plan with this company no names but u use a c*****s to find the north direction right?

 

so i'm paying off monument each week then last month i get a letter from cabot chasing money

- send it off to my debt management company and then

 

today I get another letter from Cabot - i've been advised to do the usual, just send a copy of my letter off then wait.

 

This letter says that they're now moving on to the next stage of recovery - blah blah!

 

so I ask my debt management people

- who i might add think they're doing jack for me and they reckon i need to just ignore them.

 

BUT NO!!!!!

I'VE HAD ENOUGH!!!!!!!

my next step is to send Cabot a CCa request and an S.A.R to monument

- who are still taking my money and request a copy of my fees!

- this is right isn't it?

 

feel like jacking the debt management plan but no doubt i'm stuck in some clause somewhere!

 

i think will do the same with my other creditors this week too

- can they all get the 'hump' tho ? the ones that i'm already paying and put me right up the creek without a paddle?

 

look forward to all your comments guys! thanks

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Hi Becky,

 

Just a thought. I dont know what debt Mgmt company you are using, but in my experience, the things they do (and usually charge for) you can do yourself. Being on this forum is a great start, and there is plenty of help available. I'd be suprised if they have you in a contract too??

 

It maybe wise to consider cancelling this and deal direct with your creditors, following the invaluable advice on here. And your probably right, thery're not doing jack s**t. Mine didnt, they even cost me more in the end.

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u know what! thats exactly what i'm thinking !

 

i know i signed something that was like my payment structure or something - i went to them because i was scared to answer the phone- now i've found this site i'm on a mission !!

 

anyone got any ideas how i try to stop them working for me whilst they hand over the ifo as to where there the payments go to ? ie acc nos etc?

 

I owe rbs loads and got a ccj u see so better keep paying them off until i've whipped their a**e lol!!!!!8)

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I'd ask for a copy of The DMC's terms and conditions you signed first. Do you pay them a % of your outgoings as admin charges or something along those lines??

 

For a full list of your creditors, i recommend signing up to a CRA (eg experian) (if the DMC will not provide when you decide to leave them, if you decide of course), this will show you who's owed what and where your at with it all, together with addresses etc. then you need to do what your DMC has done and re-contact them detailing you will be handling your finances and start the process again. After SRA and CCA'ing them all first. Thats my advice, but im sure they'll be others along with more to offer.

  • Haha 1

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Yup, first step is to find out what you have signed up to exactly.

 

No point telling them to p*** off only to find them cahsing you later on for money they say you owe.

 

Find out exactly where you stand with them first and take it from there.

 

But as for Monument. Am I reading you right? You were paying them through this DMC, and they STILL sold the account on to Cabot? Or have I missed something?

  • Haha 1

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thanks all!

 

yeah thats right seahorse - i've been paying them thru dmc for about a year and now cabot chasing! work that one out! swines !

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Im no expert on many issues in this forum, but DMC's I know a little about. I would suggest, prior to sending anything to Cabot and cancelling your DMC, i would ask said DMC for a statement of accounts, detailing the deals they agreed on your behalf, the amounts theyve paid and when and to who. Then I would SAR Monument and see where this debt is and who's been cashing the cheques if its sold to Cabot?

 

Sounds like someone could have been very naughty.

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thanks sacg ..............mmmmm sounds interesting eh?

 

by the way ? don't suppose u or anyone else could tell me what subscribing means?? seeing it a lot sory if being dim :o

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thanks sacg ..............mmmmm sounds interesting eh?

 

by the way ? don't suppose u or anyone else could tell me what subscribing means?? seeing it a lot sory if being dim :o

 

No worries. subscribing is basically registering on a thread (topic) so you can monitor them a lot easier and receive notifications when someone responds to something youve started or watching. Basically :)

 

hope that shines some light

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oh k ! god i'm feeling dim! thought i had hang of this an all! lol!

 

dmc will have their request tomorrow - thanks for ur help !

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I'd also get the SAR off to Monument if your continuing to pay them.:cool:

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sacg is right. It SOUNDS as if Monument might not have been getting paid, hence selling the debt on. However, irrespective of WHY they sold it on, did they send you a notice of default, or had you already effectively defaulted?

 

And did they send you a letter saying they had sold it on? And did Cabot write to you with a "hello" letter? (The letter they CLAIM is a Notice of assignment.)

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thanks both of you

 

the first letter i had off cabot i sent to my dmc

 

from what i can remember was just a letter chasing money didnt say that they were taking over - and monument certainly didn't tell me they'd sold it .

 

my dmc got all my letters - probably had a default notice u know ones that say cut up ur card and go to citizens advice - went to dmc tho cause bank was chasing for shed loads!

 

i had recent letter from cabot which dated 19/7 says 'following Cabots recent purchase of the account you held with monument'

 

scare tactics eh! - but what they don't know is that i've found you clever people :p

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I dont want to assume, but it SEEMS that a certain DMC MAY not have been paying Monument correctly, as agreed. In my expreience, when you enter into a voluntary arrangement with a creditor, they agree it too, and are bound by that agreement for a set period at least. It seems funny that Monument would have sold the account on if they were recieving funds from you via the "DMC". Unless you defaulted on the agreement through the DMC.

 

Get the statement of accounts from your DMC and definatley send a S.A.R - (Subject Access Request) to Monument.

 

Good luck

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thanks sacg

 

will sort it straight away and keep u posted !

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so work this one out then!..........................

 

i've had a letter from cabot today - dated exatcly the same date 19th as the nasty letter that i've had for days .....................

 

Hi Becky u now need to be paying us £1.00 per month which is due on the 17th aug!!!!!!

 

i called my dmc and they said in one breath

- oh if u ned to pay them let us know so i advised they already have my letters ...

...then it was well u pay £3.00 per month to monument .........

....oh and cabot have now started to receive the payment .......what!!!!!!!

 

so cabot have been receiving my money apparently and now they want less from me?

work that one out!!!!............

.....and if dmc been paying

- why am i apparently getting a payment booklet sent out?.......................

 

oh and now the dmc know that i've found this site they're more than happy to start sending out cca and sra requests for me to get my money back

and get rid of any debts that are unenforceable............

..........so why the hell didn't i know about this a year ago then?

 

told 'em thanks but will do myself - at least i know i've done it then!!:rolleyes:

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All a bit confusing and lax if you ask me. :confused:

 

You really need to wait for the statement of accounts from your DMC, this will shine light on who's been paid what and when, then you can organise yourself regarding addressing the debts and to whom you need to be in correspondance with. Until you have this, you dont know whats going on. Nice to hear that they'll do the requests now!!! Are you contracted to your DMC? If not, get the statement of accounts and terminate your relationship. You cant be any worse off.:razz:

 

Who agreed £1 pm payment terms?

 

I would'nt suggest paying out two amounts to Monument and Cabot until this is rectified. You may be admitting liability to both. Not sure on that one, but worth caution.

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even they didn't know about the £1 payment terms! in one breath she said they been paying cabot - next she said they aint!

 

she told me to send this letter to her and they'll sort out paying the £1 to cabot - presume wont be paying monument then! - really not sure wether or not to just wait for paying in book now tho!

 

 

have asked for statement of accounts including a copy of the terms and conditions that i signed with them

 

feel a bit trapped by them at mo!

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I'd also worry about whether Cabot might be adding interest or any kind of charges to the balance. No point paying them £1 a month, if they keep adding several quid a month on top. You'll NEVER get rid of them.

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I'd also worry about whether Cabot might be adding interest or any kind of charges to the balance. No point paying them £1 a month, if they keep adding several quid a month on top. You'll NEVER get rid of them.

 

Can they do that> When an agreed payment term has been reached?

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O.M.G !

 

So should I send this cabot letter off to my DMC then for them to pay ? bcause if I keep paying DMC the money then reckon they will pay them !

 

what do u think my next step should be guys?

 

thanx both of u x

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Dont panic! Carry on paying who you have been, then you're not in breach of your initial agreement through the DMC (one hopes, if they had any ;) ). No new payments until you know more, and who the hell is getting what. Have you sent for the statement of accounts from the DMC? I would seriously think about losing the DMC, it appears they aint really helping or addressing situations, hence the Monument / Cabot saga. If it were me, I would get the statement and info from the DMC and go from there. Do you have many creditors being dealt with via the DMC?

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yeah i have asked for it - wait now!

 

so really i need to just pay monumnet then ? get a copy of my statement and ignore cabot for the time being yeah? (wont send dmc copy of cabot letter)

 

i've got them paying off the bank and a few credit cards - i send them amount some goes toward fees rest pays the debts off ! so would be saving if do myself !

 

plus i'm send sra and cca requests to evryone got dents with because A LOT are bank charges y'see and reckon could get BIG chunk knocked off my debts!

 

thanks sacg !

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Hi

 

Can anyone help ?

 

I know ! I'm kicking myself but I have an old monument debt that I haven't paid for a long time - just under £1500

 

I know I paid lots of charges and had I sent a cca they wouldn't have proof of my signature

 

Now I have a letter from a solicitor threatening that they're going make bankruptcy proceeding against me in 14 days if I don't set up a repayment plan !

 

What should I do ??? Is cca too late ?

 

Thanks everyone x

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