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Cabot Financial
Cabot Financial is a debt purchase company who buy debt from a variety of original lenders like banks and telecoms providers. After an account defaults with your original lender, it will eventually be legally sold on to a debt purchase company like Cabot. There is a set process of notifications that must happen during this process but there is nothing you can do to stop accounts from being sold. If you have an ongoing dispute with your original lender, it is wise to conclude that properly or escalate to the Ombudsman to provide a clear resolution.
LegalBeagles has a long history of working with consumers in their relationships with debt purchase companies, we have directly helped support consumers in disputes, but through that process have grown to know these companies well. We have alerted Cabot to vulnerable users and encountered support and sensitivity from them as well as an impressive change to general customer handling.
Call handlers are now far more supportive in helping consumers reach manageable settlements and are specially trained to identify the vulnerable. We understand that it’s never a welcome development to receive debt collection letters, but we are now confident that customers will be treated in a fair manner and we will always be here to help if you have any concerns.
Generally, debt systems have tightened in the last ten years resulting in better Consumer Credit Act compliance so there is a greater likelihood that your debts will be enforceable and require settlement, if this applies to your account it is better to deal with the situation proactively rather than risk enforcement action. If you are too nervous to speak directly with Cabot or any debt purchase company, contact Payplan or Stepchange to have them manage your debts free of charge, do not be tempted to use a paid debt management provider.
Cabot is committed to making dealing with your debts less stressful and your full circumstances will be considered when working out the best route forward.
Here are some useful links to information provided by Cabot:
>>>Helping you avoid legal action with Cabot
>>>Legal process
>>>Cabot’s' payment options and payment help
>>>Cabot – Register
LegalBeagles has a long history of working with consumers in their relationships with debt purchase companies, we have directly helped support consumers in disputes, but through that process have grown to know these companies well. We have alerted Cabot to vulnerable users and encountered support and sensitivity from them as well as an impressive change to general customer handling.
Call handlers are now far more supportive in helping consumers reach manageable settlements and are specially trained to identify the vulnerable. We understand that it’s never a welcome development to receive debt collection letters, but we are now confident that customers will be treated in a fair manner and we will always be here to help if you have any concerns.
Generally, debt systems have tightened in the last ten years resulting in better Consumer Credit Act compliance so there is a greater likelihood that your debts will be enforceable and require settlement, if this applies to your account it is better to deal with the situation proactively rather than risk enforcement action. If you are too nervous to speak directly with Cabot or any debt purchase company, contact Payplan or Stepchange to have them manage your debts free of charge, do not be tempted to use a paid debt management provider.
Cabot is committed to making dealing with your debts less stressful and your full circumstances will be considered when working out the best route forward.
Here are some useful links to information provided by Cabot:
>>>Helping you avoid legal action with Cabot
>>>Legal process
>>>Cabot’s' payment options and payment help
>>>Cabot – Register
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