Advice cabot and Default

[winner12]

Hi
Had some hassle with Cabot lately, did as Bluebottle said in my thread (claptrap,) they are now saying my account was never defaulted by Barclays and because Im now in arrears with my DMP even though I told them my circumstances have changed and I am paying less than agreed they will soon default me
Can they do this if never defaulted before been sold on
where do I stand now
believe it or not my arrears are under £10

[winner12]

Re: Advice cabot and Default

Bumping

[winner12]

Re: Advice cabot and Default

Well
Been reading loads on defaults since starting this thread and Im just as confused as ever lots of conflicting advice
so my trusty beagles please dont let Cabot get the upper hand
Im convinced Barclays should have issued the original DN before selling to Cabot
At least they are not threatening court action and charging order like they were a couple of weeks ago

[miliitant]

Re: Advice cabot and Default

yes

the account needs to be defaulted and terminated before being sold to cabot, so cabot do not own this account as the assignment from barclays is unlawful

is their a default on your credit file at the moment from either barclays or cabot

[labman]

Re: Advice cabot and Default

Are you sure the account has been sold (Assigned in Absolute) to Cabot, or are Cabot just acting as agents for Barclays (Equitable Assignment)?

[winner12]

Re: Advice cabot and Default

Hi militant thanks for your reply
No no default from either

[miliitant]

Re: Advice cabot and Default

Seems to me cabot are just collecting on behalf of barclays and barclays are still the creditor

[winner12]

Re: Advice cabot and Default

Barclays did send me a sold to Cabot letter then Cabot wrote asking for money
But I have had strange letters in the past from Lowells
So whats my best move can I try to obtain proof form Cabot or as in the past would it just be a load of crap
any help would be much appreciated

[miliitant]

Re: Advice cabot and Default

i am in two minds at the moment

as their is no default on your credit file i would let sleeping dogs sleep and ignore cabot until they produce something more substantial and the statute of limitations is still ticking

have they put anything in writing or is this just speak from a phone drone

but thats me

its your choice

[winner12]

Re: Advice cabot and Default

Its all in writing I never speak to anyone I like a paper trail

[labman]

Re: Advice cabot and Default

Sorry - crossed post with Militant checking the same thing!

[winner12]

Re: Advice cabot and Default

Hi
If it should not have been sold to Cabot and they are lying about buying the account do Cabot not have a leg to stand then