HSBC/CABOT Help please

[elizabeth1]

There is an S10-12 letter in the template library you can use to stop people writing to CRA's etc.. just edit it to suit you etc.. http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/69359-cant-find-what-youre.html it will be here in the A-Z list.

 

Your SAR from Cabots will be interesting you'll see this is where the template letters show up (whwere they write pretending to be other companies) the land registry searches show up here too - from thios they can hazard a guess at whether you'd have equity in your home to cover a quicky loan etc..to pay them. read around some of the Cabot Fan Club threads in here and you'll see what shows up - Tberns stickey will interest you too.

 

Cabot do usually register a default when they purchase these accounts - and then they sit on them and add interest to the balances before they chase the accounts - your experian reports will show who is writing data etc..

[Seahorse]

By definition, to have defaulted is to have done so on a contract.

 

No agreement, no contract, no default. Simple?

[rh999]

Hi all

 

Elizabeth,

the SAR is on HSBC not cabot. but HSBC have told there wont be much to give the account was so old. by the way we are only talking £100 here defaulted (from a £3k loan converted from charges).

 

a year ago i would have paid it without looking at it, but i am sure i have paid in full (charges or no charges). although cabot have not tried it on with me too much, seeing the way they have treated others on here has pushed me to take them to cleaners on this.

 

Seahorse your totally right. no contract, no default

 

as a separate issue i have a SAR outstanding on equifax, i have specified any inputs around june last year to them, so i will be interested to get a name at cabot.

 

to be honest i have enough on my plate with a claim on Lloyds TSB, where their collections department are threatening court for an unauthorised o/d, but cabot have pi**ed me off.

[rh999]

Hi all

 

update....

 

Cabot - still no CCA. have sent them a letter stating they have not complied with my request, and i believe they placed a default on my credit file in error. have instructed them to remove now, or face court action. no response, so LBA going to them now.

 

HSBC - now received all info they hold on me. transpires i had x3 accounts (did i?!??) x1 personal and x2 loan accounts.

 

one of the the loans was a "managed loan acct".

 

one glaring thing missing from this was any CCA's. nothing from either loan or the current acct.

 

so no contract!!

 

no statements either. so i cannot work out whether this "managed loan acct" was full of charges or not...

 

another interesting thing in this pack was a diary log from the collection company who took the money from me. some of the items in there was crap. phone calls and letters stating i was in arrears despite my bank statements from where the standing order came from showing regular monthly payments. complete fabrication of the truth.

 

can anyone tell me how to respond to this SAR? the lack of transactions really p*ss me off. cant i get this from anywhere?

 

thanks in advance

[rh999]

Hi All

 

quick update on this.

 

still no response from Cabot...

 

whilst doing this, i had sent SAR to equifax to get a feel of what was going on there.

 

received my pack from them today.

 

default has been removed from my credit file.

 

looks like either HSBC or Cabot have removed it as they do not have a CCA...

 

dont think i will hear from these guys again.

 

thanks all for their help in this saga.

[itsamomentintime]

great result!!

[Seahorse]

So I take it they didn't inform you they were removing the default? Hmmm. Perhaps I'd better check my credit files to make sure I don't make a complete idiot of myself in court.

[rh999]

no Seahorse

 

nothing from then at all. not even a kiss my ar*se

 

might be a good idea to check mate.

 

i will be calling them to thank them for removing the default, just to wind them a little...

[Vulture_Bank]

So I take it they didn't inform you they were removing the default? Hmmm. Perhaps I'd better check my credit files to make sure I don't make a complete idiot of myself in court.

 

CRA'S now realise the implication of the deformation act and the "risk" involved

[Struggling_Simon]

This is very encouraging news for me. I'm not that far behind and all the responses I've had from Cabot are the 100% the same.

 

I now know what to do, as I was pondering going for the section 10 just as soon as they had their CCA+30 days. Think I will give it a go.

 

I particularly like

By definition, to have defaulted is to have done so on a contract.

 

No agreement, no contract, no default. Simple?

 

 

Well done.