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Mortimer Clark Solicitors/Cabot Finally Found my CCA - What to do next?
I'll try and keep this as short as possible as it's my first post and I need some advice regarding a letter from Mortimer Clark with my CCA attached.
Basically I have a Halifax Credit Debt from 2008 when a default notice was served. After this point I didn't hear anything until 2012 when Cabot Financial bought the account. The amount outstanding was around £15,000. I agreed to pay Cabot £10 per month which is all I could afford at the time and carried on paying this until 2016 but I gave up making the payments after finding that it no longer showed up on my credit report. Didn't hear anything from them again until last year 2019 when they got in touch again and started threatening me with their own Solicitors firm and court action. This time I asked for my CCA to prove that I still owed this debt. They couldn't produce this and put the account on hold.
Today it would appear that they have finally found something and produced a CCA signed by me way back in 1995 when I first took that card! It's a really bad photocopy but legible. They also sent copies of cards statements from 2003-2008 so there is a large amount of paper which is pretty much unnecessary.
They believe that the agreement is still enforceable and want me to complete a income and expenditure form to set up a payment agreement now they have sent this through.
To be honest I didn't expect them to come back with the info requested since it's taken them months and they are chasing a debt from 12 years ago when the default occurred.
Should I just give in and set up a payment arrangement now they appear to have found these documents or is there anything else I can do? It's a bit worrying although they haven't suggested taking any legal action at the moment. The last thing I need now a CCJ as I have been trying to get on my feet since I was stupid enough to get into debt all those years ago.
Thanks in advance
Basically I have a Halifax Credit Debt from 2008 when a default notice was served. After this point I didn't hear anything until 2012 when Cabot Financial bought the account. The amount outstanding was around £15,000. I agreed to pay Cabot £10 per month which is all I could afford at the time and carried on paying this until 2016 but I gave up making the payments after finding that it no longer showed up on my credit report. Didn't hear anything from them again until last year 2019 when they got in touch again and started threatening me with their own Solicitors firm and court action. This time I asked for my CCA to prove that I still owed this debt. They couldn't produce this and put the account on hold.
Today it would appear that they have finally found something and produced a CCA signed by me way back in 1995 when I first took that card! It's a really bad photocopy but legible. They also sent copies of cards statements from 2003-2008 so there is a large amount of paper which is pretty much unnecessary.
They believe that the agreement is still enforceable and want me to complete a income and expenditure form to set up a payment agreement now they have sent this through.
To be honest I didn't expect them to come back with the info requested since it's taken them months and they are chasing a debt from 12 years ago when the default occurred.
Should I just give in and set up a payment arrangement now they appear to have found these documents or is there anything else I can do? It's a bit worrying although they haven't suggested taking any legal action at the moment. The last thing I need now a CCJ as I have been trying to get on my feet since I was stupid enough to get into debt all those years ago.
Thanks in advance
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