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Hi, one of my creditors sold my debt of £5000 to cabot financial. (a chunk of this amount is made up of charges/interest penalties). I defaulted on my account in November 2016. I believe it will be statuebarred this coming November. I have ignored their correspondence. a few months ago someone from Cabot came to my house while I was out. I live in Northern Ireland. I live with my elderly mum so she was quite upset by this.
Last week I spoke with a representative from Cabot and he was quite agressive on the phone so I hung up. They have now posted out a letter offering 75% discount with the final amount being £1245. This is a great reduction. However it will take me months to pay this off as I have other debt.
Can you advise should I enter into an agreement with them to pay it back or let it go to November when it will be statuebarred. I am wary of entering into an agreement with them incase they sell the debt on and I am harrassed again by another debt company. However I would like it resolved I dont wish them coming to house again which they may do if they are running out of time
Last week I spoke with a representative from Cabot and he was quite agressive on the phone so I hung up. They have now posted out a letter offering 75% discount with the final amount being £1245. This is a great reduction. However it will take me months to pay this off as I have other debt.
Can you advise should I enter into an agreement with them to pay it back or let it go to November when it will be statuebarred. I am wary of entering into an agreement with them incase they sell the debt on and I am harrassed again by another debt company. However I would like it resolved I dont wish them coming to house again which they may do if they are running out of time
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