Re: Cabot Financial - My Next Step

by Compaq7500 Sun Oct 20, 2019 8:43 am

Originally DLC bought the debt off MBNA which I have proof as I still have the letter both DLC and MBNA sent me confirming that the debt has been sold by MBNA and purchased by DLC, but then apparently Cabot Financial Europe Ltd bought out DLC so Cabot Financial Europe Ltd are now saying that they now own the debt.

Regards.

Compaq7500

by **Mrblue2015** Sun Oct 20, 2019 9:45 am

OK understood. I would imagine Cabot will now get a minion - sorry DCA - to start harassing you now. So just use the 3 letters for a DCA if that happens. But keep us posted so we know for sure what happens next Smile

by Compaq7500 Sun Oct 20, 2019 10:55 am

Okay Mr Blue will do.

As always many thanks for your valued input.

Regards.

Compaq7500

by **Mrblue2015** Sun Oct 20, 2019 12:11 pm

Anytime buddy

by Stevro Sun Oct 20, 2019 5:10 pm

Mrblue wrote: It's not the government chasing you for money (but even then, one would argue that you wouldn't need to be fearful in that event).

If you're not afraid of imprisonment perhaps. I myself enjoy my freedom, family, friends, opportunities to progress my life and not having a prison record.

by **Mrblue2015** Sun Oct 20, 2019 6:39 pm

Again you are choosing (and I am starting to wonder if intentionally..) to misconstrue one’s words / intentions.

by Stevro Sat Nov 09, 2019 3:58 pm

I just don't want anyone to be misled. Please elaborate on why one needn't be fearful of the government chasing you for debt, as non-payment is an imprison-able offence?

by Compaq7500 Sun Nov 24, 2019 7:34 pm

Mr Blue

Latest update received a letter from Cabot Financial Europe Ltd dated 15th of November 2019 which was a letter stating basically the following.

Set Up Your Ideal Payment Plan.

There are many different options available to close your account blah blah blah.

How to get started

Call us on ###########

Your advice and input as always is greatly appreciated.

Compaq7500

by mongoose Sun Nov 24, 2019 8:17 pm

Stevro wrote:...... non-payment is an imprison-able offence?

I hope you don't believe that. I assume you don't because you ended with a question mark. Thats a load on nonsense. It may have applied in victoria times with debtors prison etc but not today. Even inability to pay council tax would not be imprisonable, though refusal may be,

by **Mrblue2015** Sun Nov 24, 2019 9:31 pm

Just carry on with the process Compaq7500

by Stevro Tue Nov 26, 2019 2:12 pm

Non-payment of income tax carries a prison sentence.

by **LionsShare** Tue Nov 26, 2019 2:17 pm

I remember vids on yt of people being locked up for non-payment of ctax

by Stevro Tue Nov 26, 2019 4:59 pm

Yep!

My msg was in response to a comment saying don't fear debt collectors or the government. I don't fear the former as there is no sentence for bank debt.

by Compaq7500 Tue Nov 26, 2019 5:48 pm

Jesus fellas I'm only keeping people updated regarding my case with Cabot Financial Europe ltd

by **Mrblue2015** Tue Nov 26, 2019 5:53 pm

Compaq7500 wrote:Jesus fellas I'm only keeping people updated regarding my case with Cabot Financial Europe ltd

Spot on Compaq7500 - I was literally about to pull Stevro up regarding his (yet again) hijacking of people’s (you in this case) posts.

I can only apologise on his behalf. I will PM you.

by Stevro Tue Nov 26, 2019 7:31 pm

I take back that apology with all due respect. If I can't comment on an obvious error and a mod can't take criticism then we don't have a forum. We have a one way dialog that can't be challenged and mods who can't acknowledge an error. Let alone turn to sarcasm and condescension.

I didn't call you an idiot for suggesting people in debt shouldn't fear the government. I merely pointed out it was punishable by prison time. I then only responded when others replied.

I suggest you moderate the hell outta your forums and people can then believe that challenging the government on debt isn't to be feared and your word is above the law. Sorry I overstepped the mark by trying to keep people out of jail. You continue with your advice and I will never challenge again.

by Compaq7500 Wed Feb 10, 2021 8:47 pm

Hiya Mrblue2015

Remember me ?

Last post regarding this matter was Nov 2019 lol latest is this Cabot Financial Europe have sent me a letter offering me a 75% one off discount to clear the alleged debt I owe them.

Regards

Compaq7500

by **Mrblue2015** Wed Feb 10, 2021 9:22 pm

Yep you tend to get 'offers'. But 75% off is rare / implies the alleged debt is high. How much was the alleged debt? Just round up to the nearest £1,000

by Compaq7500 Wed Feb 10, 2021 9:39 pm

£8000 Mr Blue

by **Mrblue2015** Wed Feb 10, 2021 10:07 pm

So they've reduced the amount to £2,000. To me that sounds like a debt purchaser who hasn't got a leg to stand on due to their significant lack of evidence Wink

I've had large reduction offers before too. And once they realised I still wasn't interested, they admitted the alleged debt was legally unenforceable. What a surprise Wink

by Compaq7500 Wed Feb 10, 2021 10:21 pm

So I do nothing is that correct, just sit and wait for their next correspondence

Regards.

Compaq7500

by **Mrblue2015** Wed Feb 10, 2021 10:43 pm

The choice is of course yours. Do you want to pay an alleged debt back no matter how good the offer is? Or carry on with the process?

by Compaq7500 Thu Feb 11, 2021 9:50 am

MrBlue I think I will carry on with the process, as always your input and knowledge are greatly appreciated.

Compaq7500

by **Mrblue2015** Thu Feb 11, 2021 11:05 am

Good for you! And you're welcome. You appear to be well informed but, nonetheless, I recommend you check out this link (and the sub-links it refers to) to further empower you Smile

https://goodf.forumotion.com/t4129-please-read-this-first

by Compaq7500 Fri Feb 19, 2021 5:03 pm

Good evening Mr Blue

I have received a letter from Cabot Financial today stating the following.

MY NAME - We need your urgent attention.

You have chosen to not respond to any of our recent communications about your account even though we have given you ample opportunities.

This is a defaulted account and the full balance of ££££££ is still due

We take this matter seriously, you have 9 days to respond to this letter.

If we do not hear from you we may look at other ways to resolve this debt, this could include an agent visiting your property to discuss your situation.

Head of internal operations

I can confirm that I have sent all 3 letters which have all been signed for by royal mail special delivery service and have proof of all 3 signatures confirming that Cabot Financial have received the 3 letters

Mr Blue your advice is greatly appreciated regarding what my next step should be.

Regards

Compaq7500

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