Who are Cabot Financial?
Cabot Financial are a company that buy “bad debts” from banks and other credit lenders at a discounted rate. They then chase the debtor for the full amount of the original debt.
Chances are they are calling or writing to you because they have purchased your debt from the original lender, and believe you owe money.
In 2014 Cabot Credit Management acquired Marlin Financial Group to create the UK’s biggest debt recovery company.
If you have been contacted by them, you have to make a decision on how to deal with them.
Do you actually owe them any money?
Cabot are just a debt collection agency, and therefore have to provide clear evidence that you owe the money.
Just because they keep calling or are writing you letters stating that you owe them money, does not mean you actually do. YOU MUST CHECK!
How old is the debt they are collecting?
It could be statute barred, which means you no longer owe it.
If you do owe them money then do not enter into an agreement with them before you have taken advice.
This will make sure that they can prove that you actually owe the debt, and if so, that you get an agreement which is affordable for you.
Too often people are pressurised into paying the amount the debt collection agency want them to pay, even if they really can’t afford to pay that much each week or month.
Our experts deal with Cabot Financial every day, and can quickly help you determine if the debt is statute barred, in which case you won’t have to pay anything.
If you do owe the money then we can also give you a FREE financial assessment, which you can then send to Cabot Financial.
This will make sure that if you do owe them money you onlt enter an agreement to repay on YOUR TERMS, at a rate you CAN AFFORD, rather than the one they may suggest.
Even if you have already entered an agreement with them, we may still be able to help you if you are struggling with the current payments.
Stop the letters & calls
Fed up of constant letters and calls! Do you even owe them? FREE check to stop the calls & collection action NOW.
What can Cabot Financial do?
Debt collectors like Cabot must follow the strict debt collection guidance laid down by the FCA (Financial Conduct Authority)
The FCAs debt collection rules and guidance sets out minimum standards that all authorised companies involved in debt recovery and debt collection must adhere to in order to be considered fit to operate as a debt collector.
Therefore, under the rules laid down by the FCA, Cabot Financial can not claim unfair or excessive collection charges, they can not harass you, they can’t threaten to seize your property (when lawfully they cannot), they can not bypass an appointed representative and contact you directly. The FCA also bans debt collectors from threatening legal action when it is unlikely to take place.
However, the exact rules of engagement seem to be built on shifting sands, as reported in the article by the BBC
Cabot Financial Debt Recovery Contact Details:
Please note that we are not associated with Cabot Financial (Europe) Limited in any way. The information on this page is provided to help people contact their creditors.
If you’re finding it difficult to make your monthly payments to Cabot Financial you may need help looking at your budget and managing your debt. We deal with such companies all day, every day and we know exactly how to approach them. If you’re struggling to repay a debt and would like us to deal with Cabot Financial on your behalf, or simply need a bit of advice, just complete the form to the right.