How do I address this debt with Cabot Financial

[Leesha]

Hello,

 

I am in need of help, advise and guidance because I now feel helpless.

I signed up to do a computer course back in 2007 with skills train.

The sales person came to my house and I stupidly signed the contract with career development finance without doing any research.

I realized after two months that I could not do the course at all as the course material was not very easy to understand plus I realised that the company had a bad reputation.

I contacted skills train and they said they couldnt help me.

 

I continued to pay 75 pounds monthly for a while, however I could not afford that amount when I fell pregnant and had to live off statutory maternity pay in 2008.

During this time, the debt was passed on to Cabot Finance, and they agreed that I make minimum payment of 10 pounds a month. I carried on paying the 10 pounds.

 

However, I received a letter from a company called The Credit Information Bureau on friday.

The letter stated that account has been recalled by Cabot Financial.

I have also received a letter from Cabolt today who are now claiming that they (Cabot) have recalled my account

and the letter states that ''the most important thing for you to now is contact us to discuss way of payment''

 

I honestly do not recall ever speaking to anyone from 'The Credit Information Bureau' and I have paid the agreed 10 pounds since 2008.

I am absolutely terified of contacting these DCA especially now that I am out of work and a full time student and single parent. I would be grateful for any advise given.

 

Kind Regards,

 

Leesha

[Leesha]

Thanks for the warm welcome seanmarts and sir gilmour. I have read few posts in the forum which I think relates to my circumstance. But I could do with some pointers as to whether to send a CCA to Cabot financial as soon as possible and also maybe to contact skills train and request for a copy of the agreement? Please any advise will be helpful

 

Kind Regards,

[Leesha]

Hello,

 

I have found a coppy of CCA letter in the library, should I edit and sent it to Cobat? Also is it possible that there could be PPI on the loan? I feel like I'm going round in circles here. I have checked my CRA file and the loan had never reflected in my file.

[Leesha]

Hello,

 

I am in need of help, advise and guidance because I now feel helpless.

I signed up to do a computer course back in 2007 with skills train.

The sales person came to my house and I stupidly signed the contract with career development finance without doing any research.

I realized after two months that I could not do the course at all as the course material was not very easy to understand plus I realised that the company had a bad reputation.

I contacted skills train and they basically said they couldnt help me.

 

I continued to pay 75 pounds monthly for a while,

however I could not afford that amount when I fell pregnant and had to live off statutory maternity pay in 2008.

During this time, the debt was passed on to Cabot Finance, and they agreed that I make minimum payment of 10 pounds a month. I carried on paying the 10 pounds.

 

However, I received a letter from a company called The Credit Information Bureau on friday.

The letter stated that account has been recalled by Cabot Financial.

And I have also received a letter from Cabolt today who are now claiming that they (Cabot) have recalled my account and the letter states

that ''the most important thing for you to now is contact us to discuss way of payment''

 

I honestly do not recall ever speaking to anyone from 'The Credit Information Bureau' and I have paid the agreed 10 pounds since 2008.

I am absolutely terified of contacting these debt collection agency especially now that I am out of work and a full time student and single parent. I would be grateful for any advise given.

 

Kind Regards,

 

Leesha

[Sidewinder]

You may get some pointers from this thread http://www.consumeractiongroup.co.uk/forum/showthread.php?100847-The-Credit-Information-Bureau or this one http://www.consumeractiongroup.co.uk/forum/showthread.php?66113-lenny100-v-Credit-infomation-bureu

 

Might be appropriate to ask for a CCA and possibly a SAR to see what comes back. Without doubt you should not be offering to pay any more than you are.

 

Threads merged.

[citizenB]

You should simply write back advising that you are not in a position to pay any more than you already are.

[Conniff]

'Credit Information Bureau' - That's a yank company isn't it. I wouldn't take any notice at all of what some foreign company has to say.

 

What was the initial amount of the finance and how much have you paid off ?

 

Who was the finance originally with ?

[BRIGADIER2JCS]

How much was this course? Have you had statements at all??

[dx100uk]

before you go any further

you need to read this:

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?301141-How-To-Get-Some-or-All-of-Your-Money-Back-From-Skillstrain-Train-4-Skills&highlight=skills

 

dx

[dx100uk]

IMHO i would stop paying ANYONE.

 

DCA's are NOT BAILIFFS

 

they have NO SUCH LEGAL POWERS.

 

you DO NOT have to speak to them

 

and NEVER EVER discuss your debts on the phone

to ANY ONE!!

 

me thinks you've been had as a cash cow

 

and crapbot have just passed you around..

 

here this mujg is paying nicely after a couple of threat-o-grams

 

you have some too.

 

dx

[dx100uk]

two threads merged and tidied

 

dx

[Leesha]

How much was this course? Have you had statements at all??

 

I haven't had any statements at all and I don't know how to request for statements. The course was for £2700. I did not do the course at all.

[Leesha]

IMHO i would stop paying ANYONE.

 

DCA's are NOT BAILIFFS

 

they have NO SUCH LEGAL POWERS.

 

you DO NOT have to speak to them

 

and NEVER EVER discuss your debts on the phone

to ANY ONE!!

 

me thinks you've been had as a cash cow

 

and crapbot have just passed you around..

 

here this mujg is paying nicely after a couple of threat-o-grams

 

you have some too.

 

dx

 

Thanks dx, I guess I am just worried about my credit report although the debt is not on my CRA yet.

[dx100uk]

did you read that thread i posted.

 

dx

[BRIGADIER2JCS]

Leesh, You need to ask Crapbot for a statement of the account showing ALL payments made asap, check all your records of payment over ALL the years you have been paying you may well be paying when there is no debt left to pay.

[Leesha]

Leesh, You need to ask Crapbot for a statement of the account showing ALL payments made asap, check all your records of payment over ALL the years you have been paying you may well be paying when there is no debt left to pay.

 

Thanks a lot dx and Brigadier, how do I request for statement from the DCA? Is there a specific letter/format that I need to use for this? Thanks dx, i read that thread about skillstrain and its great.

/

[dx100uk]

legally you should of been getting a statement from them better than every 6mts!!

 

 

another sign of cash cowing!!

 

brig is away for 7 days

[dx100uk]

you need to do as post 9

 

then decide YOUR next action

 

whatever you do DO NOT PAY ANOTHER PENNY TO ANYONE.

 

dx