Mortimer Clark, Marlin, Cabot

[Kati]

Re: Mortimer Clark and Cabot

Just the MC one, thank you

sorted :thumb: xx

[Jorjai66]

Re: Mortimer Clark and Cabot

Hi Nem, yes they sent two sets of terms and conditions. The recon has my name and address on it.

[Jorjai66]

Re: Mortimer Clark and Cabot

Hi Flaming parrot, the recon does have my name and address on it. The card was taken out in 2006. The statement has lots of ROP payments on it I'm not sure what that is . The last payment was Dec 2008

[FlamingParrot]

Re: Mortimer Clark and Cabot

Hi Flaming parrot, the recon does have my name and address on it. The card was taken out in 2006. The statement has lots of ROP payments on it I'm not sure what that is . The last payment was Dec 2008

I do know what ROP payments are, I've just posted about it on another thread, re-quoting below for your convenience. :thumb:

I have found more info about ROP and it's actually something different to PPI, it stands for Repayment Option Plan and it's intended to freeze the credit card when you can't make payments, basically intended to protect your credit score if you are unable to pay: http://www.vanquis.co.uk/credit-cards/vanquis-repayment-option-plan

Helping you protect the Credit Score you’re working so hard to build
The one thing we can all be sure of is that life is unpredictable. Accidents, illness or unemployment can happen at any time and you may find yourself in difficult financial circumstances. That’s where Repayment Option Plan comes in; helping you stay in control and protecting the credit score you’re working so hard to build. You can opt-in to the Plan for a monthly fee.

Account Freeze
Designed to act as a safety net you can freeze your account for up to 2 years in the event of difficult financial circumstances without incurring any interest or needing to make any payments. Although you won’t be able to use your card, your account will be reported to the credit bureaux as being up to date so your credit rating is protected. Terms and Conditions apply.

Payment Holiday
Taking a Payment Holiday once a year means you can miss your monthly payment in a month of your choice, providing you with extra breathing space if you’re having an expensive month. We will report your account to the credit bureaux as being up to date. You will need to have had your account for 6 months before you can take a Payment Holiday and not have used a Lifeline or Payment Holiday in the last two months. Interest will continue to be added to your account during a Payment Holiday.

Lifeline
Once a year, if you forget to make your monthly payment we will forgive you the late payment fee and report your account to the credit bureaux as being up to date. Your account will be suspended and you won’t be able to use your card until the payment is made. You must make the missed payment before your next payment is due - the sooner you make it, the sooner you can use your card again. You will need to have had your account for 6 months before we can activate your Lifeline and not have used a Payment Holiday or Lifeline in the last two months. Late payments will affect your eligibility for a credit limit increase. Interest will continue to be added to your account while a Lifeline is activated.

Basically they are charges made to your account for that service which is meant to protect your credit records if you can't pay. I'm not sure how it works with regards to your credit files if they don't default you in two years, the default would then be recorded two years late. :noidea:

Was that payment in December 2008 one of them 'ROP payments' which are actually charges rather than payments, despite the name?

I see this claim was issued in July 2014 so you'd need not to have paid anything after June 2008 for it to be SBd, however, those ROP entries are charges so they don't count as payments.

This may have been asked before, is the claimant Cabot Financial (UK) Limited? Or is it Cabot Marlin or something else?

[nemesis45]

Re: Mortimer Clark and Cabot

ROP much like the Vanquis Plan a payment holiday until finances improve.
If it is/was unsuitable for your situation put in a reclaim.
nem

[Jorjai66]

Re: Mortimer Clark and Cabot

Hi, the last ROP charge was Dec 2009. The claimant is Cabot financial UK. Thanks

[FlamingParrot]

Re: Mortimer Clark and Cabot

Hi, the last ROP charge was Dec 2009. The claimant is Cabot financial UK. Thanks

In that case, you may want to look at this post: http://www.legalbeagles.info/forums/...728#post585728