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Hello,
I am looking for some advice.
I have recently had a letter from Cabot regarding a remaining balance on a loan from somewhere around the year 2005. It got passed to a DCA (I forget the name) where I ended up setting up a payment plan. I set up new bank account at some point and this account unintentionally has not been paid for some time. I think at least four years. It then has been sold again to Cabot at some point but I have never made any payments with them. I also moved addresses and they have found my new address.
The loan does not appear on my credit file but I think it did at one point as it must have defaulted. I have buried my head in the sand at the moment as I have been working hard to repair my credit rating for the last 6 years where all my defaults drop off soon.
I am fearful of even communicating with them in case my credit rating is damaged. I have received a letter saying they are going to send resolvecall to my house. The balance is just over £2000. Is it likely they will go to court? issue another default? etc. I was thinking of sending a CCA as it has changed hands a lot and is from pre 2007. I am also sure that I reclaimed PPI on this loan it should have knocked 1800 off this balance but I now have no paper trail for this.
Any advice welcome.
I am looking for some advice.
I have recently had a letter from Cabot regarding a remaining balance on a loan from somewhere around the year 2005. It got passed to a DCA (I forget the name) where I ended up setting up a payment plan. I set up new bank account at some point and this account unintentionally has not been paid for some time. I think at least four years. It then has been sold again to Cabot at some point but I have never made any payments with them. I also moved addresses and they have found my new address.
The loan does not appear on my credit file but I think it did at one point as it must have defaulted. I have buried my head in the sand at the moment as I have been working hard to repair my credit rating for the last 6 years where all my defaults drop off soon.
I am fearful of even communicating with them in case my credit rating is damaged. I have received a letter saying they are going to send resolvecall to my house. The balance is just over £2000. Is it likely they will go to court? issue another default? etc. I was thinking of sending a CCA as it has changed hands a lot and is from pre 2007. I am also sure that I reclaimed PPI on this loan it should have knocked 1800 off this balance but I now have no paper trail for this.
Any advice welcome.
