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Hello,
My partner is being chased by Cabot Financial for an old debt of a few thousand originating from a Northern Rock loan. Unfortunately we don’t know exactly when the loan was taken out but it was around 2007/2008 and then defaulted in 2009/2010. Small monthly payments were being made up until last year when the payments were stopped after moving home and financial situation changing so the debt is definitely not statute barred. Cabot have found the new address and have been writing and calling on a semi-regular basis for the last 8-9 months which has been ignored. They have now written saying that someone will be visiting the house. My partner is worried about this despite my reassurance that these people have no powers and can’t add any fees to the outstanding amount for this. Hoping I am correct about that?
I understand that NRAM sold a number of loans to Cabot back in 2013 and we have found Cabot letters/statements dating back to around this time so guessing this was one of the loans sold directly to them. What would be the best course of action going forwards?
Was considering a CCA request to Cabot though concerned this may escalate things if they can easily provide it given the loan doesn’t appear to have been sold to multiple DCA’s. One of the old statements from them seems to have the original account number, date it became an executed agreement and original monthly repayment amount. Would a SAR to NRAM first be a better course of action so we can establish the actual details of the original loan as all the original paperwork and correspondence has been lost?
Any suggestions would be greatly appreciated!
Many thanks
My partner is being chased by Cabot Financial for an old debt of a few thousand originating from a Northern Rock loan. Unfortunately we don’t know exactly when the loan was taken out but it was around 2007/2008 and then defaulted in 2009/2010. Small monthly payments were being made up until last year when the payments were stopped after moving home and financial situation changing so the debt is definitely not statute barred. Cabot have found the new address and have been writing and calling on a semi-regular basis for the last 8-9 months which has been ignored. They have now written saying that someone will be visiting the house. My partner is worried about this despite my reassurance that these people have no powers and can’t add any fees to the outstanding amount for this. Hoping I am correct about that?
I understand that NRAM sold a number of loans to Cabot back in 2013 and we have found Cabot letters/statements dating back to around this time so guessing this was one of the loans sold directly to them. What would be the best course of action going forwards?
Was considering a CCA request to Cabot though concerned this may escalate things if they can easily provide it given the loan doesn’t appear to have been sold to multiple DCA’s. One of the old statements from them seems to have the original account number, date it became an executed agreement and original monthly repayment amount. Would a SAR to NRAM first be a better course of action so we can establish the actual details of the original loan as all the original paperwork and correspondence has been lost?
Any suggestions would be greatly appreciated!
Many thanks
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