Lloyd’s sold debt to Cabot

[Bomber99]

Hi all

I received a letter from Cabot yesterday and in it they have informed me that at present they cannot get the information from the original creditor to comply with my s77 request. They also go onto say that if ever the information becomes available they will complete my request and have acknowledge the debt is unenforceable at this present time.

Would now now be a good time to offer a settlement figure and what sort of offer do you think they would accept on a debt of £4000 and is there a template letter for making full and final offers
thanks for your thoughts on this matter
bomber99

[Amethyst]

Yes, particularly as the original creditor did send a copy a couple months back so are likely to eventually send it to Cabot - you're not worried about it going SB as payments have been being made recently so whilst you're on top negotiating settlement in full and final does seem like a good move to get a line drawn under it.

As to what they'd accept - I honestly don't know - it depends what mood they're in and what their targets this month are I guess - starting at 20% but expecting to go up to 50%.

[Bomber99]

Thank you Amethyst
I will write a letter tomorrow with an offer

[Bomber99]

Hi Amethyst thank you all at legalbeagles for all your advice and help. It was/is much appreciated.
Cabot have accepted my offer of 40% for a settlement of the debt.
bomber99

[Amethyst]

Brilliant Well done - nice to get one out of your hair xxx