cabot financial letter

Data protection request letter sent to Cabot. Let's see what they have or if they request the €6.35 fee.

District court notice to defend stamped by court officer and sent to Belgard Solicitors.

I'll update the thread with any progress.
 
Hi Mistermarkie,

I'm very interested in your case with Cabot. We dont often hear from people who have actually gone all the way with them. It s pity your posts are buried down here in someone elses thread. I for one would be glad if you started a new thread outlining your situation and how you have been getting on with Cabot. i am especially looking forward to hearing about the happenings in court. Thanks.
 
is there anybody out there? I tried and tried in every way possible to engage with PTSB, filled out every form (seven SFS forms)and answered every call but found that this bank had no real motivation to come to any resolution, I even sent them solicitors letters saying that we wanted and always wanted to engage in meaningful conversation (preferably with one person rather than 30 odd).... to make a long story short myself and my wife's last SFS led them to pass on our account to Belgard Solicitors to commence repossession proceedings against us. When I rang the bank I got speaking to a nice lady in litigation who informed me that the bank had actually requested more info but had not informed us and that it was a mistake. I explained to her that grown men retire to their garden sheds with ropes after such mistakes. My faith in the MARP was shattered and they took me to court anyway. I'll be up soon again for the 4th time and am putting up a good fight. My lovely wife is taking it very hard. After a Data request from PTSB I noticed the blanked out entries on the screen shots 2 of which I found under blacklight to be invoices to Cabot. If I have the invoice numbers are Cabot obliged under data protection request to clarify what these invoices are for? I had never heard of them until now but they are within a stones throw from Belgard (who have put invoices on my Account statement for their great service at my expense)
please let me know what you think or suspect. We weep to have that which we fear to lose.
 
Data from Cabot received. Is there a time limit from when I filed my appearance and defence notice and sent it to Belgard Solicitors for them to follow through on a court date?
 
MisterMarkie said:
Data from Cabot received. Is there a time limit from when I filed my appearance and defence notice and sent it to Belgard Solicitors for them to follow through on a court date?
Click to expand...
Did they have all the data and was the information in it correct?
 
Thanks for update. I would suspect that this might be simply another tactic to put fear into debtors, I will check this out for you and see what can find tomorrow on time limit. My suspicions are that there will be no court case as they prey on the weak.
 
Antamon,

On Ask About Money there is plenty of advice on how to handle your type of situation.
You say you are up for the 4th time ?
If you have documentation that can show you have reasonably engaged with PTSB and are making realistic moves , no judge will find against you.

One thing is ,do not engage in phone calls, keep it solely in writing and keep copies .

All the Cabot thing is , is that PTSB have farmed collecting funds for PTSB to Cabot.

I can,t overstress = keep copies = don,t engage on the phone.

Get your own head around the financial predicament you are in , see can you in some way manage a way out , and if you can manage a way out , fight for that .
 
Antamon said:
is there anybody out there? I tried and tried in every way possible to engage with PTSB, filled out every form (seven SFS forms)and answered every call but found that this bank had no real motivation to come to any resolution, I even sent them solicitors letters saying that we wanted and always wanted to engage in meaningful conversation (preferably with one person rather than 30 odd).... to make a long story short myself and my wife's last SFS led them to pass on our account to Belgard Solicitors to commence repossession proceedings against us. When I rang the bank I got speaking to a nice lady in litigation who informed me that the bank had actually requested more info but had not informed us and that it was a mistake. I explained to her that grown men retire to their garden sheds with ropes after such mistakes. My faith in the MARP was shattered and they took me to court anyway. I'll be up soon again for the 4th time and am putting up a good fight. My lovely wife is taking it very hard. After a Data request from PTSB I noticed the blanked out entries on the screen shots 2 of which I found under blacklight to be invoices to Cabot. If I have the invoice numbers are Cabot obliged under data protection request to clarify what these invoices are for? I had never heard of them until now but they are within a stones throw from Belgard (who have put invoices on my Account statement for their great service at my expense)
please let me know what you think or suspect. We weep to have that which we fear to lose.
Click to expand...
Antamon hi there you have my empathy and support for the terribly wrong situation you and your family are going through.debt is the new illness sweeping our country fuelled by supposedly professional regulated banks stamping roughshod over consumers who in good faith supported a booming banking system and robust economy until the banks that we depended on for financial professional advice overexerted themselves and then came the crash... the SFS I believe is only a 'tick box exercise 'by banks forced on them by the government- a process they must go through before they proceed to foreclosure. My background is financial regulation and Under the MARP process the bank must confirm to you in writing the result of their review following your SFS including details of their appeal procedure. Note that Belgard solicitors are acting on behalf of the PTSB bank but if Cabot are involved or mentioned they are unregulated/transitional per central bank register so PTSB I think have contravened consumer protection code by transferring your details to Cabot asPTSB are supposed to. Itify yiu in writing and then Cabot should seek your consent( see regulators code on conduct on credit servicing firms) . I think you will find PTSB have not been compliant so you think about writing to them saying you are going to the ombudsman on grounds of no appeal to your MARP and the transfer of your personal data to unregulated Cabot. I think you will find that they will move fast to rectify things. Well done on your challenge so far and your assertive actions on data protection and I hope you get the resolution you and your family so deserve. No family in Ireland deserves to go through this. We need to stand up to corporate greed and unbecoming unprofessional and non compliant corporate behaviour from banks and you need our full support . Nobody should feel shame or guilt for finding themselves in this terrible situation. All mortgagors should be treated with dignity and respect by their banks and should settle for no less.
 
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Another letter from them - threatens agent calling to door and judgement mortgage @ 8% p.a interest. I have understand that this was reduced to 2% per annum
But they continue to threaten at the higher amount and have ignored my correspondence and offer.
Some outfit.
 
corruptbankster said:
Another letter from them - threatens agent calling to door and judgement mortgage @ 8% p.a interest. I have understand that this was reduced to 2% per annum
But they continue to threaten at the higher amount and have ignored my correspondence and offer.
Some outfit.
Click to expand...
There are ways to stop these letters and harassing phone calls happy to help if you want me to
 
Settled a BOI card being handled through Ivor Fitz for low 30% number of final balance, full and final agreement, known as short settlement.

For anyone being harassed and being told 85% settlement is best they will do, stick to your repayment plan as per your means or if you can afford to raise a number in this region of full balance, they will deal, despite the months of wrangling and declining the offer.
 
Thanks for that!
I offered IvorFitz approx. 23% but it was declined. Do you think 30% might be accepted?? How did you go about that - did you continually send them the offer and eventually they agreed??
 
Hi Mickey, it was end game for them and they knew it, no income and aside from judgement mortgage on a major neg equity mortgage they were looking at getting next to nothing for who knows how many years. This talk of property bubble is laughable for people in the west and most country areas, 10 years after buying badly built semi d and still in 30 or 40% negative equity if could actually sell it.

Of course they turned down first 3 offers offer, like yours, I went in very similar to your % offer id say on my 3rd run at it. The final offer was pretty much take it or leave it and I am happy to see it in court to explain to judge. They accepted and glad to see back of it. I have no doubt they would have gone to court for judgement mortgage or kept me paying nominal token amounts until things might improve, it was only token payments for near 3 years and when they passed it to Ivors, they whacked court fees on it almost immediately.

Thats despite me being on agreed reduced payments with BOI direct, they pushed it out to the debt sharks at Ivors. Basically wiped out all the payments i'd made for 3 years - made no sense.

Glad to see back of it, keep the offer low and go the distance, if you cannot afford it and can prove it, nothing to lose.

Has anyone settled with Cabot that can share details?
 
Hello,

Sorry to drag up an older topic.

Been in same situation like some of you here...

Honestly,i had an MBNA VISA account ,frozen by MBNA years ago after i lost my job. MBNA disolved back in 2008/2009 and then silence for few years
I was looking for an official figure,statement or balance as after losing my job,PPI kicked in and paid some money without me seing anything as statements.
and then Cabot and their Solicitors letters and phone calls.
I'll say they were very pushy for a while.
Kept saying i cannot confirm or deny the situation.They even had my address wrong and date of birth as well.

Everytime i spoke with them i was asking for the original statements and /or balance as i dont have any recolections of the debt from the last payment made by me or by the PPI.
I had to take phone calls recording where they kept denying the answer or even refused me to call back their office and talk with someone...

However,a short while ago,i received a letter from The Property Registration Authority that a "judgment mortgage" has been obtained by Belgard Solicitors on behalf of the Cabot Asset Purchase .
I do not plan to sell my home for another few decades but im worried that something is not right here...

Anyone been in same situation ,what optione do i have here,please !?
Reading above, I was thinking to send a data request on myself and on my wife and ... take it from here ?

Thanks in advance.
 
Don't engage with them Cabot have no power. I got so many letters with court date from them never replied to them, never beet to court either and nothing happen yet. I went to MABS they told me that the only thing i can get from not paying credit cards is bad credit because is unsecured loan. Well bad credit will go away after 5 years. with me has been over 12 years this is going on
 
Hi All
I’m having issues with Cabot, they keep ringing using ‘no caller ID’, I answered once and I heard a click sound, it’s obviously an automatic call system. Anyone have any ideas on how to stop them ?

I wrote to them a few years ago asking for proof and heard nothing.
I wonder can anything be done under the GDPR rules.
 
Trudie2021 said:
Hi All
I’m having issues with Cabot, they keep ringing using ‘no caller ID’, I answered once and I heard a click sound, it’s obviously an automatic call system. Anyone have any ideas on how to stop them ?

I wrote to them a few years ago asking for proof and heard nothing.
I wonder can anything be done under the GDPR rules.
Click to expand...

It is standard practice these for days to withhold both caller id and phone number, so that if your phone is left on a desk etc... people will not now who is calling you.
 
Jim2007 said:
It is standard practice these for days to withhold both caller id and phone number, so that if your phone is left on a desk etc... people will not now who is calling you.
Click to expand...

Salespeople do this too.
My standard practice is to let those go to voicemail. If they really want me they can leave a message.
 
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