Saffy v Cabot / Barclaycard

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Don't bother with #12 again simply go with #27 and watch them back track rapidly. Oh that would be nice to see them squirm.

Now there is a chance, no matter how small, that they DO file against you for this.
I don't see this as a problem, persay, but be warned. Well if they do we have enough 'brains' on here to sort them out havn't we.

Could you throw a copy of the "agreement" over and I'll give it the CB defence write

Do you mean the one I have already posted on #9

[Curlyben]

Re: Saffy v Cabot / Barclaycard

Yeah I was hoping for a copy so I can enlarge and generally mess about with it,

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Right I didn't post the last letter to Cabot as 'life' got in the way etc.

Received this dated 8/10/2008

Dear Ms Saffy

Welcome to Cabot

The Cabot Financial Group has recently bought the account you held with Barclaycard and w're now responsible for answering your queries and receiving payments.

According to our records you currently owe £xxxx. Please contact us as soon as possible to discuss the options for repaying your account.

Choice of payment methods

etc etc etc the same old Cabot stuff.

[Curlyben]

Re: Saffy v Cabot / Barclaycard

*Yawn*

Time for letter 27 then.

Put up or burger off

[Curlyben]

Re: Saffy v Cabot / Barclaycard

So Sappy, anything further on this then ??

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Not a word hun, just how we like it eh :kiss:

[Curlyben]

Re: Saffy v Cabot / Barclaycard

So they might actually of finally got the message.
almost 2 months with nowt.

I wont hold my breath of course, as they simply of taken you out of the nastygram cycle for now and put you in the N1 pile.

No matter we'll kick their collectives if they do file

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Here we go again, they've raised their ugly heads once more, got this in the post.

Dear saffy,


REPAYING YOUR ACCOUNT

According to our records you have another Cabot account. However, this does not have a current repayment plan. Where applicable, we'll continue to charge interest on this account until we've agreed a repayment plan with you.

etc
etc

If you've already agreed a repayment plan for this account, please ignore this letter.

Yours

[Curlyben]

Re: Saffy v Cabot / Barclaycard

File under I

[LuggerBugs]

Re: Saffy v Cabot / Barclaycard

Cabot have gone all soft. Look what Uncle Ken has written. I was expecting fluffy bunnies and lambs gambolling all over the paper.

Is it me, or does he sound desperate to convince everybody that he's not bad, just misunderstood????

Treating struggling debtors ethically
Bad news seems to be the order of the day when it comes to the economy of late, and the bad news is that it looks like getting worse before any significant improvement. Early indications in 2009 suggest that this year could be even worse than last year, with analysts predicting the economy is on course to contract at least 3 per cent this year, and possibly even 4 per cent.

The current economic climate is changing rapidly and proving hostile to businesses across all sectors, including debt purchasers. The knock-on effect is that millions of homeowners are struggling with their mortgage payments, and as unemployment rates rise steadily, this problem will undoubtedly worsen. Unemployment across the UK will reach 3.2 million - or just over 10% of the workforce - by the second half of next year, the British Chamber of Commerce has predicted.

A home is generally the largest purchase the vast majority of the population are likely to make and as such there is often a great deal of sensitivity around the subject. With repossessions increasing, it is clear that more needs to be done to help struggling homeowners.

While lessons should be learned from the early 90’s, the last time we saw such a dramatic slump in the property market, it should be noted that this is a crisis unlike anything we have seen in the past. Therefore, the government needs to be innovative in introducing measures to help people keep their homes. After all, lenders in the 90s didn’t benefit by people losing their homes.

The government is prepared to shore up banks by injecting funding but they must be sure that this is used correctly. In a market where houses are not selling and property prices falling there will be an inevitable shortfall both for lenders and homeowners.

In many instances there will be no sensible case for repossession in an environment where bank interest rates are as low as they are; a deferment of 2 years will add little to the outstanding mortgage balance. The economics of repossession make no sense whatsoever; leaving houses empty, adding pressure to the rental market and also causing many social issues for families which are costly to society as a whole.

So, how should those homeowners who find themselves struggling, be treated? The answer is, in a responsible, sound and ethical way. The debt purchase sector has also come under the spotlight from the media and government agencies about their collection practices in the current climate.
While the best debt purchase companies have placed a strong emphasis on conducting the collections-side of their business in a responsible and reasonable way; the industry as a whole should strive to maintain and improve their ethical working practices.

Customers should have their unique individual circumstances looked at, and a repayment agreement settled upon that crucially, is satisfactory to both parties. Debt purchasers must be flexible in reaching any agreement and remain empathetic to customers’ needs and current situation.

Obviously, an ethical approach benefits customers and for debt purchasers too, there are clear advantages. Lenders are becoming increasingly aware that to protect their brand, it is in their best interest to deal with those purchasers who also have a good reputation and embrace best practice methods at all times.

In the current climate no one will benefit if a sensible deal is not reached. Customers have limited means to raise funds to settle debts so we will all have to accept that more long term arrangements are now the norm.

Ken Maynard
Group Chief Executive

Cabot Financial Group

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Blimey and after all that he still doesn't practice what he preaches at all.

[Sapphire]

Re: Saffy v Cabot / Barclaycard

This lot are seriously starting to Pish me off !

Got this letter dated 26 May 2009 (yes, yes I've only just got round to putting it up)

Dear

Your Outstanding debt of £.....................

We've still not received any satisfactory response from you about repaying the above amount. Unless you contact us within the next 7 days we'll take action to recover this debt, together with any interet and charges which may be payable.

We'll either:
* Instruct an external collection agency to call on you and recover the debt.
* Instruct a solicitor to start legal action. This may result in a County Court Judgement being obtained against you, which could severely affect your ability to obtain credit in the future.

County Court Judgement

If a County Court Judgement is enforced, this may lead to one or more of the following:
* A charging order - This means if you currently own your propery we'll register a Caution against your Title to the premises at HM Land Registry. Then if you sell the property all the money you owe to Cabot will be deducted from the proceeds of the sale and paid direct to us.
* An attachment of Earnings order - This means that the Court will order your employer to deduct set amounts from your pay to settle your debt to Cabot.
* Order to obtain Information - This means that you will be questioned in Court about your income, expenses and financial assets.

HHHHmmmmmmmmmmmmm I think I'll file this under I too, what do you think Curly ?

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Flaming numpties have written again.....


Dear ........

IMPORTANT NOTICE - PLEASE DO NOT IGNORE

We wish to advise you that your account continues to be in default. Despite previous correspondence and requests from us, you have failed to settle, or set up an arrangement on your account. Accordingly, the outstanding balance is payable immediately.

IF YOU DO NOT TAKE ACTION

If you do not take any positive action to settle the outstanding balance with us immediate, we will either forward your account to an External Debt Collection Agent or commence legal action to recover this debt if your account meets out litigation criteria.

Please note, that if we commence legal proceedings further costs and interest may be applied to your debt as part of a County Court Judgement.


Hmmmmmmmmmmmm another one for the file I think.

[Curlyben]

Re: Saffy v Cabot / Barclaycard

ROFLMAO !!!

So is this from Cabot ?

[Sapphire]

Re: Saffy v Cabot / Barclaycard

Yep on Cabots headed notepaper, bloody hell my file is getting bigger and bigger.

So what do you think Curly, is it time for letter on #27 yet or shall I let them stew a while longer ?