Cabot Financial UK Ltd

[Berniethebolt]

Re: Cabot Financial UK Ltd

When did Lowell Portfolio 1 cease to exist , I thought they were still an entity with a CCL

having said that the FCA clearly stated that they were going to be tough and uphold the regulations

[mystery1]

Re: Cabot Financial UK Ltd

Have the POCs been amended ?


M1

[nemesis45]

Re: Cabot Financial UK Ltd

Have defences been filed ?

M1

One yes One No.
Both currently unenforceable no agreements.
Both defendants deployed OS.

nem

[mystery1]

Re: Cabot Financial UK Ltd

Have defences been filed ?

M1

[nemesis45]

Re: Cabot Financial UK Ltd

[QUOTE=mystery1;585915]

Got links ?

M1

Cases I'm dealing with in the military community M1.
The notices have been faxed to me overnight.

nem

[mystery1]

Re: Cabot Financial UK Ltd

[QUOTE=nemesis45;585909]

Stymied by official disinterest M1
2 more Cabot claims seen this morning with notice of change of claimant claims issued 4-6 weeks ago.
As others have said I can't see Stannard and or Ross-Roberts allowing such a situation to arise.

nem

Got links ?

M1

[nemesis45]

Re: Cabot Financial UK Ltd

[QUOTE=mystery1;585903]

Whilst i would hope they would the main concern is the court and winning the cases. Criminal action would just be a Brucie bonus.

M1

Stymied by official disinterest M1
2 more Cabot claims seen this morning with notice of change of claimant claims issued 4-6 weeks ago.
As others have said I can't see Stannard and or Ross-Roberts allowing such a situation to arise.

nem

[mystery1]

Re: Cabot Financial UK Ltd

[QUOTE=nemesis45;585889]

Good morning M1,

My " guess " at moment is that the "new" Cabot group the two main firms Cabot Europe Ltd & Cabot ( Marlin) have adsorb the
business of Cabot UK Ltd., similar things happened years ago with I think Lowell Financial, Lowell Portfolio, Lowell Portfolio1/2.
As said the FCA does not appear to be concerned about the Cabot scenario.

nem

Whilst i would hope they would the main concern is the court and winning the cases. Criminal action would just be a Brucie bonus.

M1

[nemesis45]

Re: Cabot Financial UK Ltd

[QUOTE=mystery1;585798]

If they've done nothing wrong they won't have a problem.

One question though, why are they amending claims if there isn't a problem ?

Because they have a problem.

M1

Good morning M1,

My " guess " at moment is that the "new" Cabot group the two main firms Cabot Europe Ltd & Cabot ( Marlin) have adsorb the
business of Cabot UK Ltd., similar things happened years ago with I think Lowell Financial, Lowell Portfolio, Lowell Portfolio1/2.
As said the FCA does not appear to be concerned about the Cabot scenario.

nem

[Berniethebolt]

Re: Cabot Financial UK Ltd

This must be costing them an absolute fortune, who says clouds don't have silver linings

It seems that they must issue a NOA before going for a judgement. There must now be sending out NOA's by the thousand because if they don't I can see a year or so down the line they will be issuing claims without that needed NOA

[mystery1]

Re: Cabot Financial UK Ltd

[QUOTE=nemesis45;585775]

Do you know Cabot's internal functions? I certainly don't!.
All supposition at the moment I'll stay out of arguments
all I'll do is say I've seen it all before.

nem

If they've done nothing wrong they won't have a problem.

One question though, why are they amending claims if there isn't a problem ?

Because they have a problem.

M1

[FlamingParrot]

Re: Cabot Financial UK Ltd

Actually now i think about it, does McGuffick help us ? Starting a claim isn't enforcement ?

Indeed it isn't, however:

1. If they issue a claim against a defendant who ignores it and fails to acknowledge it, would they refrain from requesting default judgment? Otherwise obtaining judgment would be enforcement;
2. If the defendant files an admission form, wouldn't they request judgment by admission? If so, enforcement;
3. If they are issuing claims without any intention of carrying them through, wouldn't that constitute abuse of process? :noidea: :confused2:

[nemesis45]

Re: Cabot Financial UK Ltd

[QUOTE=mystery1;585768]

Companies is plural. Only one owns the debt. CF UK. CF UK are unlicensed. Changing the claimant to CF Europe is as much use as changing it to M1 Ltd. Only the legal owner can go to court. Not their Mum, Dad, Granny, Granda, Cousin, child, brother or sister.

M1

Do you know Cabot's internal functions? I certainly don't!.
All supposition at the moment I'll stay out of arguments
all I'll do is say I've seen it all before.

nem

[mystery1]

Re: Cabot Financial UK Ltd

Whilst you're here, if they issued before the lapse can they continue afterwards if judgement has not been handed down or trial not heard but the license has lapsed in the mean time ?

M1

Actually now i think about it, does McGuffick help us ? Starting a claim isn't enforcement ?

Mmm...

M1

[mystery1]

Re: Cabot Financial UK Ltd

[QUOTE=nemesis45;585764]

82A Assignment of rights


(1)Where rights of a creditor under a regulated consumer credit agreement are assigned to a third party, the assignee must arrange for notice of the assignment to be given to the debtor—
(a)as soon as reasonably possible, or
(b)if, after the assignment, the arrangements for servicing the credit under the agreement do not change as far as the debtor is concerned, on or before the first occasion that they do.

M1[/QUOTE

Defendants are receiving notices of change of claimant.
These debts are the assets of a Group of Companies i.e.
Cabot not " third party " is involved as far as I can see,

nem

Companies is plural. Only one owns the debt. CF UK. CF UK are unlicensed. Changing the claimant to CF Europe is as much use as changing it to M1 Ltd. Only the legal owner can go to court. Not their Mum, Dad, Granny, Granda, Cousin, child, brother or sister.

M1