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please can you offer advice

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  • #1

    please can you offer advice

    i have paid a payment plan agreement to TSB (made contractually binding against them in 2008)without missing any payments. It was for credit card debt.
    Today i have received a letter telling me that they sold my debt to Cabot Financial on 2nd October.
    Can they do this? and what happens now?
    Any advice please.
    Tags: None
  • #2
    Re: please can you offer advice

    was the account ever defaulted and did you pay the arrears to rectify the default.
    what does your credit file say over this debt, and yes, they can sell the account but cabot would still have to accept the same payments you are still making to lloyds/tsb

    wait fro the cabot letter and update your thread as their are different sold termanology on the assignment of the debt

    absolute or equitable but we will get into that later

    Comment

    • #3
      Re: please can you offer advice

      Had a letter 2010 to say i had a missed a payment (default) but this was rectified.
      Was advised not to look into my credit file (footprints etc)
      Thanks for your reply

      Comment

      • #4
        Re: please can you offer advice

        just carry on with the agreed repayments to crabot

        any problems them trying to up the repayments just update your thread
        • 1 thank

        Comment

        • #5
          Re: please can you offer advice

          Cabot letter arrived it says "my agreed monthly repayment plan with lloyds tsb now needs to be maintained with Cabot" and "we regularly review the arrangements on our accounts, including the monthly payment amount"

          Comment

          • #6
            Re: please can you offer advice

            ignore crapbots threats

            you have a contractual agreement with tsb on the repayments, crapbot now the creditor has taken on the rights and duties of tsb

            keep to you current repayments and tell them the above if they ever try an bully you into larger payments

            the tsb agreement is binding unless you land a job as an mp or win the lottery

            please update your thread if they start getting heavy
            • 1 thank

            Comment

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