Cabot Financial UK Ltd

[MIKE770]

Re: Cabot Financial UK Ltd

It would appear that there is nothing wrong/illegal/unlawful with these companies FCA authorisations.
PT seems to have gone very quiet on this subject.

nem

Noted!

[nemesis45]

Re: Cabot Financial UK Ltd

It would appear that there is nothing wrong/illegal/unlawful with these companies FCA authorisations.
PT seems to have gone very quiet on this subject.

nem

[Sparkie1723]

Re: Cabot Financial UK Ltd

I have been made aware of the fact that entries are being made on peoples credit files as shown by this example this was as it stood as of today on the persons credit file
Credit Card from Marlin Financial Services Limited (I)/ XX5667

There is and never has been a legal entity such as Marlin Financial Services Limited.
You will see from their FCA Licence that they even registered as a Limited Company.
If You check Companies House only the trading name of Marlin Financial Services were registered as a company and that's now dissolved
Can’t conduct Consumer Credit as pt has already pointed out……not on their licence.
Can’t be lawful/legal IMO lowly opinion.
But as you know I talk rubbish most of the time

Firm name:		Cabot Financial (Marlin) Limited
Interim Permissions reference number:		537243

	Names
Registered Name	Cabot Financial (Marlin) Limited
Previous Registered Names	Marlin Financial Services Limited
Trading Names	Marlin, Marlin Financial, Bramber Debt Recovery, Marlin Credit Management, MFS, BDR, Marlin Financial Services, Bramber;Cabot Financial;Cabot

Firm name:		Cabot Financial (Marlin) Limited
Interim Permissions reference number:		537243

Debt administration	Debt administration	Active
Debt collecting	Debt collecting	Active

No right to canvass off trade premises

[Berniethebolt]

Re: Cabot Financial UK Ltd

Interesting how only DLC is mentioned in the Cabot Credit Management portfolio.

Probably because they are still using the name and people recognise it. There is no mention of the other names that Hillesden use such as MDB.

Personally in that case I can not see anything wrong, the cabot (uk) is to me an admin cock up that will no doubt cost someone their job and cost the group a lot of money sob sob sob, oh I am inconsolable

[nemesis45]

Re: Cabot Financial UK Ltd

Interesting how only DLC is mentioned in the Cabot Credit Management portfolio.

[Berniethebolt]

Re: Cabot Financial UK Ltd

Indeed Cabot bought Hillesden relatively recently

http://www.credittoday.co.uk/article/17791/online-news/cabot-credit-management-announces-acquisition

http://www.dlcuk.com/cabot-credit-ma...-acquires-dlc/

As far as i am aware , as of yet the two empires have not been fully integrated , well certainly as far as my account with them goes it is still run by Hillesden

It appears they are still using their IP although the details have been updated with a contact at cabot
http://fca-consumer-credit-interim.f...rSearchPageNew

[nemesis45]

Re: Cabot Financial UK Ltd

Whilst trawling the murky depths of the Cabot empire I found the following
Under the heading Cabot Credit Management Group: Our Companies:
DLC Debt Collection Agency.

The link goes to a DLC site the states DLC is a trading style of Hillesden Securities.

I'm looking for more links to licensing.

nem

[nemesis45]

Re: Cabot Financial UK Ltd

The point was made to clarify the situation that the alleged lack of TP's should not be relied up on.
Personally I don't know if anyone reading post on this forum have or are about to use this in a defence
as we know many read the forums without posting here and " do their own thing" and only come to
post when something goes wrong.
I agree in principal to using the point but with great care.

[FlamingParrot]

Re: Cabot Financial UK Ltd

It is I think going to take a while to establish IF there is any illegality in Cabot's status and getting a response
from the regulators.
It's my feeling that it could be unwise to totally rely on the lapsed TP's for a defence.

nem

Nobody is relying purely on their unlicensed status in their defence, this is just being mentioned as an additional point and/or at the preliminary stage before a defence is submitted. PT seems to agree in principle, surely if anyone here knows about consumer credit, that would be him. :yo:

After all, if you got out driving without being in possession of a valid license at the time you'd be committing an offence, even if your husband/wife/mum/dad/brother/sister had a valid licence. Why shouldn't the same principle apply to creditors? :confused2:

[Berniethebolt]

Re: Cabot Financial UK Ltd

I think it is generally agreed that the only time you would have that as your only defence is if it was your only defence . If you have non compliance with a CCA request, SB, 127(3) or anything else that could be used it would be silly not to include it

[nemesis45]

Re: Cabot Financial UK Ltd

It is I think going to take a while to establish IF there is any illegality in Cabot's status and getting a response
from the regulators.
It's my feeling that it could be unwise to totally rely on the lapsed TP's for a defence.

nem

[Berniethebolt]

Re: Cabot Financial UK Ltd

Don't we need to remember that generally well certainly in the small claim track,.there will be witness statements and the like. It's not going to be like Rumpole. There is also the possibility of mediation. Again unlike Rumpole witness statements and documents will have been exchanged.

[meellis]

Re: Cabot Financial UK Ltd

You need a back up plan but you don't want to weaken your strongest hand by bringing in too many arguments just have them in reserve. More importantly though is if you have a strong winning hand you don't want to convince yourself that it is so strong that it will not be questioned. Anybody you are up against is either going to stop you from using it by steering all the facts away to another argument so the time is spent away from your points or they will just discredit it as hard as they can to at least present some doubt in peoples minds.

[FlamingParrot]

Re: Cabot Financial UK Ltd

It has been said before that it only takes one well aimed bullet to kill but I don't truly believe in that statement especially in these things. The danger is always that people rely on a fact that seems to be completely correct without understanding what arguments could be placed against it so when challenged they have no answers and go to pieces and become un-believable. Any good Barrister will steer the conversation away from you being able to apply the killer blow so various back up plans are needed.

Absolutely! You always need a PlanB and sometimes a PlanC as well! :thumb:

[meellis]

Re: Cabot Financial UK Ltd

It has been said before that it only takes one well aimed bullet to kill but I don't truly believe in that statement especially in these things. The danger is always that people rely on a fact that seems to be completely correct without understanding what arguments could be placed against it so when challenged they have no answers and go to pieces and become un-believable. Any good Barrister will steer the conversation away from you being able to apply the killer blow so various back up plans are needed.You are always fighting a hard battle when you are trying to convince a court, which isn't totally conversant with the issues you are trying to present, that you know more than the "expert" you are up against. I see the issues regarding licensing and agree that it looks like they haven't got the right licences in place, the hard part is convincing the right people especially when they don't want to listen. As for the well aimed bullet I believe you don't just fire it and let it do it's job you fire it and then help it hit its target without placing to many other arguments in its way.