rewindto1998
Registered User
- Messages
- 5
Judges are not in a position to impose settlements in respect of amounts owing! If the case goes to Court a judgment will be given reflecting the full amount owing. Having said that you are entitled to receive a statement showing the amounts paid in by you over the years. A telephone request can be ignored. Submit a full data access request (DAR) to Cabot which should give you all information you require. I would also tend to hold firm on the offer of c€2k. make sure this offer is made in writing.you can explain your finances to the judge and he will more than likely accept this
Those numbers don't add up. If the interest was stopped in 2010, the debt should have stayed at €7500. If you'd been paying the minimum of €50 per month, you'd have paid at least €3000. You say you've frequently paid €100 per month. I'm being conservative, and assuming an average of €75 per month, and 60 payments from 2010 to now. That gives €4500 in repayments, which would leave €3000 owing.
Im sorry the dates mentioned in the first post are kinda rough, I'm working from memory, when I came back from traveling it was August/September 2010 and there was about 2-3months I paid nothing before I got into the €50/month and interest to be stopped with AIB, so it may have been closer to 2011, I'd need to go back and check exact start date. I'm not even sure when Cabot got evolved as I was originally dealing with AIB directly, I don't think myself I could possibly still owe €58xx which they say I do, I think I owe more about 4000-4500, I need to get full details from my own bank to verify exact amount I paid, I foolishly only kept notes on the last year of payments which has always been either €50/100 each month.Those numbers don't add up. If the interest was stopped in 2010, the debt should have stayed at €7500. If you'd been paying the minimum of €50 per month, you'd have paid at least €3000. You say you've frequently paid €100 per month. I'm being conservative, and assuming an average of €75 per month, and 60 payments from 2010 to now. That gives €4500 in repayments, which would leave €3000 owing.
No! requests for DARs are specific and any offer should be made directly to Cabot! Also do an internet search on DAR requests. There is a specific methodology for applying and a small fee must be paid.should I include my offer in this request directly, bypassing Cabot?
No, it was an internet based account so no paperwork, when card was revoked they suspended my account.Do you not receive statements each month from AIB ?
Thanks for your help Brendan, I've read up and sent them DAR requests off to both companies, I've also sent the offer again increased to my absolute maximum to Cabot and asked for them to reply in writing, so will see where is goes, fingers crossed.No! requests for DARs are specific and any offer should be made directly to Cabot! Also do an internet search on DAR requests. There is a specific methodology for applying and a small fee must be paid.
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