Just joined cabot fan club

[hellhasnofury]

Hello All,

Just received the hello and goodbye letters from cabot this weekend:tinysmile_hmm_t2:

Extremely interesting and totally out of the blue. Been paying the original creditor via payplan for over two years now. Started of on reduced minimal payments And have increased the payments to nearly double as to when I could afford more. Now the account was a loan with a rather hefty balance But needless to say I have paid over £4,000 off it in two years and would have paid it off completely in another five years at this rate, probably just after the loan was due to finish originally.

The original lender have not been adding any interest to the balance in the last two years.

So you can imagine the shock when I received cabots "hello" letter informing me that they were now the proud owners of this account. Also received was a goodbye letter from the original lender telling me that they had sold the account to cabot

What is have noticed from these letters is that down both side borders there are a few typed numbers. On cabots it state 1 of 1 and on the original lenders letter it states 1 of 2. So this implyes to me that they were both printed of one machine (cabots)

Even more interesting is the fact in the original lenders headed letter, there is no mention of any address for correspondence or reference no. Extremely large digital signature and no named representive or department

The font is differing thoughout the letter, bit like a cut and paste job really.

So I have concluded that cabot have sent the original lenders letter.

What has really made me mad, is that they are asking for a balance that is over £3,000 more than is actually owned.

So I will be disputing this little matter with them and will no doubt be the subject of their wrath

Comments, advice appreciated

[Amethyst]

Re: Just joined cabot fan club

Maybe a daft question, who is the original lender? and have you contacted them about it?

[Paule]

Re: Just joined cabot fan club

If you are paying it theough Payplan, pass the info on to them to contact Cabot
Also Write to Cabot to tel them that it is being dealt with by payplan and give them your payplan id so they can contact payplan

PKea

[calamity jane]

Re: Just joined cabot fan club

Don't know if this is relevant but there's a thread over on CAG about DCA'S using their clients and solicitors logos. Trading Standards have been advised and are very interested.


http://www.consumeractiongroup.co.uk...r-clients.html

[hellhasnofury]

Re: Just joined cabot fan club

Maybe a daft question, who is the original lender? and have you contacted them about it?

Hello Ame,

Hope you are well The original lender is named after a girl's name and can look decidely untidy at times. LOL and no I have not approached them at present as I am looking to cover all bases to present in my arguements.

I will now look to the credit agreement that they sent me under a ca request and try to pick holes in it to put the account into legal dispute. I am not trying to get out of anything or evade payment, just be able to fight my corner on legalities.

I am angry because I was a very very good customer, had previous loans,mortgage etc, that were paid in full and settled, they applied ppi to two of them, that I had no option in agreeing or not and that I have not approached them for yet!!!. Even increased the payments to them via payplan. Played the game and now they sell it and the alleged balance has increased by over £3,129 So the £192 I have been more or less paying over the last two years is for nothing. They make me so made. This not about treating customers fairly, it about adding to their debt for their unjust enrichment.

Pkea,

Thanks for your comment, but at present I am not approaching payplan or cabot regarding this matter till I know a bit more info. I need to know who added on the increase to this account and their reason.

[hellhasnofury]

Re: Just joined cabot fan club

Don't know if this is relevant but there's a thread over on CAG about DCA'S using their clients and solicitors logos. Trading Standards have been advised and are very interested.


http://www.consumeractiongroup.co.uk...r-clients.html

Many thanks CJ, It does make interesting reading:tinysmile_aha_t:

[calamity jane]

Re: Just joined cabot fan club

Found another more recent one they've involved Companies house, Lord Peter Mandelson and are talking of involving the Parliamentary Under Secretary Of State

http://www.consumeractiongroup.co.uk...s-offence.html

[hellhasnofury]

Re: Just joined cabot fan club

Found another more recent one they've involved Companies house, Lord Peter Mandelson and are talking of involving the Parliamentary Under Secretary Of State

http://www.consumeractiongroup.co.uk...s-offence.html

Again thanks cJ Makes more very interesting reading

[hellhasnofury]

Re: Just joined cabot fan club

Hello,

It has come to my attention that the shabby have just off loaded 100's of debts to differing dca's, wonder what's going on there:santa_cheesy:

I have ignored cabot for now, just waiting for the threats to start coming in, :santa_cheesy: as I am sure they will. Then start the argueing with them :NEWMESSAGE:

[Curlyben]

Re: Just joined cabot fan club

They'll simply put you on the Threat-O-Matic 9000 to produce their completely meaningless letters.

Hey should be good for a laugh anyway

[hellhasnofury]

Re: Just joined cabot fan club

They'll simply put you on the Threat-O-Matic 9000 to produce their completely meaningless letters.

Hey should be good for a laugh anyway

Hopefully CB:santa_cheesy:

I have thrown the cat amongst the pigieons with this one, oh dear forgot to pay anyone, think this might spur them on

[hellhasnofury]

Re: Just joined cabot fan club

Hello Everone,

A Merry Xmas to all:santa3: ho ho ho

Still no word from cabot as yet. No letters no calls as yet.

Have sent a prelim to the abbey regarding previous loans with ppi applied, these loans were taken out in 1996, 1997,1999, so they will no doubt be rather reluctant to repaid them. But will argue the case as needed.

After some reading, there is an interesting point regarding Multiple agreements under the cca 1974. This is in relation to applying ppi and also top up loans.

The wording of restricted and unrestricted credit.

Anybody any views of this:reindeer:

[enaid]

Re: Just joined cabot fan club

I have just been reading this OTR. I understand it to mean that on a loan agreement with PPI the 2 amounts must be put on the agreement seperately.
One is unrestricted ie for any purpose and the other restricted just for the use of the PPI.
They can be added together as a total amount you pay each month, but both must be defined. Is that how yoy understood it Hell?

[Curlyben]

Re: Just joined cabot fan club

Yes, I'm having a similar battle with HFC on this.
Have a look at this thread and see if it rings any bells: CB's on a mission - Legal Beagles

[carrie52]

Re: Just joined cabot fan club

Hello All,

Just received the hello and goodbye letters from cabot this weekend:tinysmile_hmm_t2:

Extremely interesting and totally out of the blue. Been paying the original creditor via payplan for over two years now. Started of on reduced minimal payments And have increased the payments to nearly double as to when I could afford more. Now the account was a loan with a rather hefty balance But needless to say I have paid over £4,000 off it in two years and would have paid it off completely in another five years at this rate, probably just after the loan was due to finish originally.

The original lender have not been adding any interest to the balance in the last two years.

So you can imagine the shock when I received cabots "hello" letter informing me that they were now the proud owners of this account. Also received was a goodbye letter from the original lender telling me that they had sold the account to cabot

What is have noticed from these letters is that down both side borders there are a few typed numbers. On cabots it state 1 of 1 and on the original lenders letter it states 1 of 2. So this implyes to me that they were both printed of one machine (cabots)

Even more interesting is the fact in the original lenders headed letter, there is no mention of any address for correspondence or reference no. Extremely large digital signature and no named representive or department

The font is differing thoughout the letter, bit like a cut and paste job really.

So I have concluded that cabot have sent the original lenders letter.

What has really made me mad, is that they are asking for a balance that is over £3,000 more than is actually owned.

So I will be disputing this little matter with them and will no doubt be the subject of their wrath

Comments, advice appreciated

yup

have had the same thing from them myself really naff halifux logo , no ref,s.. no tel no...my address not on it........ what a sad little outfit they are
not kicked off with me yet, but lm ready and waiting :bounce: