Cabot Help, Wont Give up

[richie0522]

Yes exactly spot on.

[richie0522]

I have contacted Cabot and they have confirmed that have received my letter which you did dated 10th June 2019 and the contents have been noted.

The account is on hold for 30 days and it has gone back to the complaints department to review the full file.

I got the impression that they was concerned about the contents of the letter.

[richie0522]

By the way, Cabot have told me that they became the legal owners of the debt in 2017 and they brought it from M&S.

Apex, Wescot and Robinson Way had this Debt for years prior 2017 all owned by Cabot.

Cabot also had the Debt in 2015 and pass it on to Robinson Way and then Robinson Way passed it back to then in 2017.

What really baffles me, why dont they just bloody issue , must be costing then a fortune in chasing

[richie0522]

how long do mortgage defaults stay on personal credit files

[Amethyst]

I have contacted Cabot and they have confirmed that have received my letter which you did dated 10th June 2019 and the contents have been noted.

The account is on hold for 30 days and it has gone back to the complaints department to review the full file.

I got the impression that they was concerned about the contents of the letter.

That sounds slightly positive...

[Amethyst]

how long do mortgage defaults stay on personal credit files

6 years - but the debt can be reclaimed from you for 12 years - was the property repossessed ? Any shortfall ?

[Amethyst]

By the way, Cabot have told me that they became the legal owners of the debt in 2017 and they brought it from M&S.

Apex, Wescot and Robinson Way had this Debt for years prior 2017 all owned by Cabot.

Cabot also had the Debt in 2015 and pass it on to Robinson Way and then Robinson Way passed it back to then in 2017.

What really baffles me, why dont they just bloody issue , must be costing then a fortune in chasing

Yes it's all a bit weird. APEx and westcot could have been collecting on behalf of M&S ( so M&S still owned the debt ) Robinson way normally act as debt collectors for Hoist (another debt purchaser ) ... could be when you raised disputes they sold it back to M&S and M&S sold it on to Cabot. If you kept the letters over the years ( unlikely I know ) we'd probably be able to figure it out .... hence why I keep whittering about doing a SAR to M&S as this should all be in their screennotes. If you get M&S to refuse the SAR in writing saying it's because you didn't have an account with them ... that'd be good.

[richie0522]

Thanks for your reply regarding Cabot.

I have got every letter I have written and just wondering if they do issued will they be any good, being 10 years old.

Anyway see what there next move is.

Regarding my question on the mortgage defaults on personal credit files, thanks for your answer, just to confirm 6 years the day it defaulted.

Date of default: 19/01/2017

Default balance: £ 139,603

Shortfall balance: £ 72053

I handed the keys into NatWest on the 19th Jan 2017.

They sold the property in August 2017 and ended up with the shortfall.

Very long and confusing saga with Natwest and how they admin my mortgage.

Took them to the FOS regarding this and my 6 years limit was already gone despite the mortgage was live.

FOS could not help but agree NatWest have done something wrong but there time limits stopped them doing anything.

No payments are being made to reduce shortfall. NatWest agree to keep the account in house and will not sell the debt to a outside source.

In contact every 6 months with a senior manager within NatWest credit management operations, account on hold now since Jan 2017 and they are not seeking any monies from me.

They have spoke about writing off the shortfall but considering they not looking to recover the shortfall as of yet I am not pushing the issue.

[Amethyst]

That explains why you think the FOS are a bit useless then.

I'm not sure I understand where they're taking the six years from, was there a specific incident which caused the issues that you complained about at the time?

The shortfall debt is recoverable for 12 years from When it arose so August 2017. But I believe it will fall off the credit file after six years From the default date.


On the cabot issue, Do you also have all the letters they have written to you over the years? I'm a bit intrigued how they can say they only took it over in August 2017 if they were communicating with you about it for seven years before that. Cabot purchase debt rather than collect on original lender's behalf So wouldn't start writing to you until after they've purchased the debt. Hopefully they are actually investigating now. well done for talking to them, let's see what happens.

I really would push M&S for a response to your data protection act request.

[richie0522]

My mortgage is a long story and a confusing one, everybody who was involved in it done something wrong and I had the evidence but has said the FOS have six years to investigate it. My Mortgage was taken out in 2005, in 2011 I started to ask question about how my mortgage was being run and unearth findings and took this evidence to FOS 3 times from 2012 and all came back and said the six years are up and we cannot investigate. A Joke.

Regarding Cabot yes I have all the letters and when I wrote to them many times in 2017, 2018 and 2019 I include the letters from Apex Etc and themselves.
They never ever response to that part of the letter they never mention it., they ignored it and do not attempt to address the issue.

I personally think if they do issue proceedings and it gets to the courts and I will defend I do not think they will win.

But after saying that I do not trust the court system and how they operate. They tend not to see logic and reason.

We shall wait and see.

[richie0522]

[richie0522]

Cabot have responded to by SAR request.

I thought they knew my DOB and identity, they been chasing me for 10 years.

[Amethyst]

You'd think so ... they are allowed to make reasonable Requests to confirm your identity so I'd just send them a copy of driving license or passport and a utility bill, and you never know they might put two and two together actually come up with 4 for once i.e. it's not your debt Maybe you could mention in your reply that you're surprised they need to check your identity considering that they've been writing to you for the last 10 years.

[richie0522]

So you are saying I should send then the documents they are requesting to prove my identity.

[Amethyst]

Yes xx It will be a different department that deals with it but you never know they might check your signature matches the one on the agreement, as they don't seem to have managed to do that so far.