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Hi All
I have received a letter from Mortimer Clarke in the last few days regarding a debt owed to MEIII (Cabot) this is a historic HP agreement taken out on a car approx 5 years ago which was repossessed due to an agreement plan for payment not being adhered to.
Initially the repayments were manageable as we two incomes however after an addition to the family and our income dropping this was suddenly difficult and we agreed a repayment plan with Black Horse. This payment plan was not stuck to by BH and they repossessed the
The car was was subsequently put through an auction and sold for much less than it was probably worth.
This left me with £1000 owing which i have never acknowledged due to the anger around the circumstances of the repossession
This debt originally for black horse was Sold/Appointed to DLC (i dont know when this happened)
From there because i would not acknowledge they have sent through a barrage of letters over the past 5 years none of which have amounted to anything until i receive this court summons from Marstons, Who i now learn are part of Cabot financial.
Although i am a strong believer of you pay what you owe i dont want to pay this debt as there is a certain amount of emotional trauma associated with the circumstances surrounding the repossession and want some advice on how to proceed.
I have received a letter from Mortimer Clarke in the last few days regarding a debt owed to MEIII (Cabot) this is a historic HP agreement taken out on a car approx 5 years ago which was repossessed due to an agreement plan for payment not being adhered to.
Initially the repayments were manageable as we two incomes however after an addition to the family and our income dropping this was suddenly difficult and we agreed a repayment plan with Black Horse. This payment plan was not stuck to by BH and they repossessed the
The car was was subsequently put through an auction and sold for much less than it was probably worth.
This left me with £1000 owing which i have never acknowledged due to the anger around the circumstances of the repossession
This debt originally for black horse was Sold/Appointed to DLC (i dont know when this happened)
From there because i would not acknowledge they have sent through a barrage of letters over the past 5 years none of which have amounted to anything until i receive this court summons from Marstons, Who i now learn are part of Cabot financial.
Although i am a strong believer of you pay what you owe i dont want to pay this debt as there is a certain amount of emotional trauma associated with the circumstances surrounding the repossession and want some advice on how to proceed.
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