Cabot's stupid little tricks

[Captain Haddock]

This is post is just to highlight the stupid, petty little tricks these clowns try in an attempt to scare you or waken you up from the sleepy status quo of your repayments plan.

They bought an old loan of mine that I had with a bank, a loan which was on reduced payments. They tried the fluffy 'Welcome' approach then then the touchy-feely offer of settlement. Now, after a year's silence, they write to me stating that I am in arrears with repayments, their attached statement showing a recent payment missed. Checking the bank account showed no rejection of the Standing Order and my bank has not written to me regarding this.

It's obviously a 'Hi, we're still here!!' ploy to resume contact but it's really annoyed me. I've responded accordingly and am left wondering it there are any other examples of DCA's rejecting payments just to cause trouble?

[Amethyst]

Re: Cabot's stupid little tricks

My DCA pretended I had missed a payment on my CCJ to get a charging order on my house. I wasn't as clued up then and didn't take my statements and CCCS records with me to court to prove I hadn't missed a payment, so they got the charging order.

[wales01man]

Re: Cabot's stupid little tricks

We got a Charge on our house 3 days before it was repossessed despite telling the DCA it was being repoed they got Nothing

[Captain Haddock]

Re: Cabot's stupid little tricks

Jeez, all that sounds scary!!

I can't wait to see what they try next!!

[ODC]

Re: Cabot's stupid little tricks

Assuming you havent already done so why dont you send them a CCA. Who knows. They may have no paperwork and then because of their smartarsedness you can tell them to take a hike

[Captain Haddock]

Re: Cabot's stupid little tricks

I'm quite happy to keep paying the amount I was always paying my OC but I think I'll CC them, anyway, just to give them something constructive to do.

But it seems that their excuse for writing to me is to inform me that I'm under arrears with the original agreement, the agreement with my original creditor! Like I need reminded of this? I'm still convinced it was a ploy just to rattle my cage. They state that they are obliged to send me a notice of arrears on the account prior to purchase but are they? Are they allowed to do this? Under CCA 86B this must be done every six months and no later. If that is the case, then Cabot have failed to do even that as this 'notice of arrears' is the first one I've had since it was purchased several years ago.

However, they are not contesting the repayments I have continued to make with them.

[FlamingParrot]

Re: Cabot's stupid little tricks

See below with regards to statements of sums in arrears: http://www.legislation.gov.uk/ukpga/...s/division/8/2

Section 9: Notice of sums in arrears under fixed-sum credit agreements etc.


28.Section 9 inserts a new section 86B after the new section 86A (inserted into the 1974 Act by section 8). Section 86B provides that creditors and owners must give to debtors and hirers notices of sums in arrears in respect of regulated agreements that are fixed sum credit agreements or hire agreements. A creditor or owner must give a notice in the specified form, including an arrears information sheet, to a debtor or hirer 14 days after a point in time where:

• the debtor or hirer is required to have made two (in the case of agreements with a repayment interval of more than one week) or four (in the case of agreements with a repayment interval of one week or less) payments under the agreement before that time;
• the total sum that has been paid by the debtor or hirer under the agreement up to that time is less than the amount that he is required to have paid at that time;
• the amount of the debtor’s or hirer’s shortfall is no less than the total of the last two (in the case of agreements with a repayment interval of more than one week) or four (in the case of agreements with a repayment interval of one week or less) payments required to have been paid under the agreement before that time subject as set out below;
• the creditor or owner is not already required to provide the debtor or hirer with a notice of sums in arrears in relation to that agreement; and
• there is no sum payable by the debtor or hirer under a judgment given before that time in relation to the credit or hire agreement.

Thereafter the creditor or owner will be required to give to the debtor or hirer a notice of sums in arrears at intervals of six months until he ceases to be in arrears and has paid all sums of interest or default sums that are payable in relation to his arrears, or a judgment is made in relation to the sums payable under that agreement.

No harm in sending a CCA request :thumb;

[Captain Haddock]

Re: Cabot's stupid little tricks

Annd.... surprise, surprise, no agreement. They are having to refer the the OC for it and are starting their nonsense of supplying it within 40 days! Where do they get this time-frame from??

Idiots.....

[MIKE770]

Re: Cabot's stupid little tricks

40 days relate to a SAR request - they hope you are none the wiser, no wonder this country is in a mess the politicians are just as bad, liars and get away with it what is needed now is the attached:-

[nemesis45]

Re: Cabot's stupid little tricks

Cabot have been referring to "industry guidance" when quoting 40 days to comply with a CCA personally I cannot find any such " guidance"!

It's definitely worth a sharp retort to Ken Stannard CEO Cabot Financial (Europe) Ltd., 12+ 2 Working Days is the limit for compliance with a CCA request.

It's well known that CCA's are not supplied to a debt purchaser at then time sale, even so 40 days is an unreasonable tine scale for obtaining an agreement from an original creditor.
Anyone receiving such a notice from Cabot should report it " for information only" to the FCA as Cabot are using this "ploy" regularly now.

[Captain Haddock]

Re: Cabot's stupid little tricks

Ahh.... that rings a bell from the past!

I can't believe these idiots!! They really shot themselves in the foot. A false accusation of missed payments/arrears and now they've not got the OA or associated documents? It's laughable!!

[Captain Haddock]

Re: Cabot's stupid little tricks

'It's well known that CCA's are not supplied to a debt purchaser at then time sale, even so 40 days is an unreasonable tine scale for obtaining an agreement from an original creditor.' - I take it you're referring to the original agreement? I always thought theses docs were passed on at point of sale, otherwise how would the DCA know what they're really dealing with?


'Anyone receiving such a notice from Cabot should report it " for information only" to the FCA as Cabot are using this "ploy" regularly now.' - I've copied the FSA in on a reply to Cabot.

[Captain Haddock]

Re: Cabot's stupid little tricks

Monday morning laugh. Check the signature...

[MIKE770]

Re: Cabot's stupid little tricks

Monday morning laugh. Check the signature...

Ah!! Fred Nurk!!!!

[dogtired]

Re: Cabot's stupid little tricks

Looks like something my four year old Grandson would do!