cabot financial letter

Red1980 said:
Hi I'm looking for a bit of advice about how to deal with Cabot. A little over 5 yrs ago I had a 20 Euro a month deal with a telecommunications company for internet....
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AAM, correct me if I'm wrong: this debt (even if it did exist) dies after six years, right? http://www.irishstatutebook.ie/eli/1957/act/6/section/69/enacted/en/html

My interpretation is that you are a name on a list that Cabot have bought from this telecom. Some of the names/debts on that list might be legally enforceable, most aren't.

Cabot's business is extracting maximum value from that list with minimum cost. Given the low value of these "debts", they are not worth much manual effort to chase individually.

Nobody in the company will have spend so much as a minute on your case. They will have an automated system spam the names on the list, to see who "volunteers" to engage with them. Those who take the bait will be harassed further, to see if they will "volunteer" to commit to handing over money.

At some point, the system will decide that you're not worth the cost of stamps and paper to harass you.
 
Hopefully that's soons. But at this point I have everything ready to send to them if I do get legal documents sent to me so let's hope they have everything their suppose to have because I have everything to shows its disputed along with letters from the Garda.
 
Red1980.

Listen to the thread :
Cabot are (rising) you to see can they squeeze funds .
I know its unfair etc but c,est la vie!

Safely bin their notes .
 
MichaelO1979 said:
Hi All

Got another letter from Cabot saying that they were giving me one last chance to pay and it would be in my best interest to contact them to discuss a reduced rate, they are also threatening me with an 8% interest rate p.a if I don't come to some deal with them. They also threaten court action along with judgement mortgage against any property I own (I don't own any property) also threats of sheriff calling to my property to seize goods, I'm just wondering is this all huff and puff to try and get me to submit to them and start paying up. I will of course be ignoring this letter and will keep on file, I also note that they are now saying on their letter that they are the original provider of the finance,
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I just ignored them and they gave up.

Has anyone here ever had anything further from them after a few threat?

Yet to hear of a threat they actually followed on through with.
 
I would love to know. I have checked most forums about them and only ever read of debts going to court in england. Never in Ireland. I'll tell you in a week if they follow throught with court I got my last four day warning last week for court action off them so if they will follow through with their threats I'll know next week
 
Chris2014 when you say "i just ignored them and they gave up" that's great but is there still a threat that it might resurrect again if you, say, won the Lotto! Or does it mean that they
no longer have you on their "active" list and you are essentially free from them??
 
Red1980 said:
I would love to know. I have checked most forums about them and only ever read of debts going to court in england. Never in Ireland. I'll tell you in a week if they follow throught with court I got my last four day warning last week for court action off them so if they will follow through with their threats I'll know next week
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Any update Red? Have you a court date?
 
Tom Finn said:
Any update Red? Have you a court date?
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Haven't had so much as a letter since my last update. I'm hoping that will be the end of it but it's hard to know with this crowd but they definitely don't seem to follow through with their threats of court otherwise I would have got a summons awhile back
 
Red,are these letters with the threat of court action from Cabot,or their in house solicitors Belgard ?
 
vandriver said:
Red,are these letters with the threat of court action from Cabot,or their in house solicitors Belgard ?
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The first two were from Cabot and the next ones were from belgard threatening court action. One was giving me something like 7 days to pay the full amount or court proceedings would be started against me and the next one was giving me 4 days both of them were from belgard. Again I didn't contact them and haven't heard anything since my last post update. This could change but so far I haven't gotten one letter after their letter listed out all the actions they would take against me.
 
Hi All,
I have a very similar experience with Cabot/Belgard as most of you. Lost my job back in 2009 and had a credit card with MBNA and let things get on the long finger, paid a lump sum off with help from family but fees and penalties kept mounting up and was left with a debt about 4k before Cabot got involved. To make a very long story short I engaged with Cabot and realized what a shower I was dealing with so investigated what my rights were... over eighteen months ago I requested CCA, full statements, and Deed of assignment for Debt from MBNA to Cabot. Initially they said they didn't have this info but after considerable correspondence and now the involvement of Belgard "Solicitors" I have today received a CCA from MBNA and some statements and a "Welcome" letter from Cabot as proof of the debt. Am I right in saying that they would need a deed of assignment to prove their right to collect the debt? What is the consequences for Cabot if they fail to provide CCA with the prescribed 10 days? Belgard are still threatening legal action despite the debt being legitimately disputed, is this something the Law Society have any interest in? Many thanks in advance
 
Jake12 said:
Hi All,
I have a very similar experience with Cabot/Belgard as most of you. Lost my job back in 2009 and had a credit card with MBNA and let things get on the long finger, paid a lump sum off with help from family but fees and penalties kept mounting up and was left with a debt about 4k before Cabot got involved. To make a very long story short I engaged with Cabot and realized what a shower I was dealing with so investigated what my rights were... over eighteen months ago I requested CCA, full statements, and Deed of assignment for Debt from MBNA to Cabot. Initially they said they didn't have this info but after considerable correspondence and now the involvement of Belgard "Solicitors" I have today received a CCA from MBNA and some statements and a "Welcome" letter from Cabot as proof of the debt. Am I right in saying that they would need a deed of assignment to prove their right to collect the debt? What is the consequences for Cabot if they fail to provide CCA with the prescribed 10 days? Belgard are still threatening legal action despite the debt being legitimately disputed, is this something the Law Society have any interest in? Many thanks in advance
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Have you had any update Jake? What's the latest from Cabot?
 
I am in a similar position (see other threads). I have paid back all my other outstanding loans and liabilities (mortgage ongoing) and this one old MBNA/AVANT credit card is now with Belgard/Cabot. It's the last item from when I ran into difficulty. I got the registered district court letter from them yesterday evening.
 
Anyone have dealings with another bunch of bottom feeders Arvato?? I had previously received a demand from Cabot and now received a
similar demand for the same AIB debt for which I was a co-guarantor.
What should I do - I absolutely have no resources whatsoever to be able to pay this.
 
Any advice for someone battling them at court claim notice point? 3k credit card debt, pretty much all interest and late fees, it had a E750 euro credit limit back in 2004 and just added more and more fees! Have not taken a call or replied to a single letter since it was sold from MBNA, in 2012 it was on a low value (due to long term disability) payment plan but they sold it anyway. Has anyone ever heard of them Cabot/Belgard - actually getting judgement? Got copy of local court claim notice by registered post, they whacked on E250 for the fun, despite it being a E25 euro cost to take this action I am told.

Anyone ever had them following up such a judgement - letter threatening sheriff, mortgage attachment etc in past.... No assets, benefits only and mortgage on neg equity house with huge arrears. Won't be attending any courts, due to health, I rarely leave the house.

Will request copies under Data P act for credit agreement. Just want to know if anyone else has been as far as this with them? Had neared the 6 years for statute barring, Cabot I fear might be getting raft of judgements in order for debts accrued during the recession now on people that felt it's effect - so I assume I am not alone. Could go insolvency route but due to my health and late stage on this, i may just trial this for all and see where they go. It's a can't pay and never going to pay, the vultures will starve before I do.

Hoping this is another scare tactic? in either event it will just cost them more in fees as they cannot get blood from a stone. Anyone been the course in same position let me know... thanks
 
I haven't filed a notice to defend their claim notice yet(received 13/02/17) with the court and will be sending them a data request. I can't find anyone else who's been to court with them yet?

Interestingly, I received a call from Belgard Solicitors yesterday. I didn't engage and again stated I would prefer all communication to be in writing.
 
Cheers MM, I have not seen this either re anyone saying they got judgement?. I guess if it is cheap for them (Cabot) to get judgement - they will as it gives them the option to simply keep hounding people for another 12 years, eventually they will get some return one expects. Has anyone permanently settled even for small money - say 10-20%, asking as it could be possible to sell small items to make up that kind of money and get some closure. It is very distressing going on over 5 years now and calling every second day, leaving horrid messages on main phone line.
 
Does anyone know if a subject access request under data protection, section 4 - can be made via email, say signed email attached to same? Or does this have to be made via a physical posted letter letter?
 
I think you will need to send them a photocopy of ID and a payment of €6.35. I will be doing it this weekend and will update the thread with any progress.
 
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