Scotland - Cabot Debt Chasing Advice

[echat11]

[ATTACH]n1700599[/ATTACH]

Hi

This is relating to loan 1 - This was with the debt of £12780.

I had written to them asking to advise if there was a sum they would accept.

They have provided the following letter.

They have obviously only given me until 12/02/25 to respond so if there is any way you can reply urgently it would be appreciated.

My intention is to accept and pay this sum to get this one out the way but I want to make sure its ok and have a couple of questions:

1. They mention this letter may have crossed with court action and indeed refer to this a few times however I have not received any actual formal notice of intended court action - Am I correct that this would be required

2. Assuming I accept the offer to pay £10,500 I wanted to make sure that the wording in their letter was sufficient that this would be as full and final settlement of this agreement with the account being marked as closed and settled and that they cant then do anything else or sell the debt on. It looks ok to me but can you advise if you agree.

1. They mention this letter may have crossed with court action and indeed refer to this a few times however I have not received any actual formal notice of intended court action - Am I correct that this would be required

There should be Pre-Action protocols informing a Defendant, that Court action is about to be instigated and to avoid that, you need to do this / do that.

2. Assuming I accept the offer to pay £10,500 I wanted to make sure that the wording in their letter was sufficient that this would be as full and final settlement of this agreement with the account being marked as closed and settled and that they cant then do anything else or sell the debt on. It looks ok to me but can you advise if you agree.

That would be fine. Remember it's marked as a 'partial settlement'.

[coolhandct]

Thank you so much