Cabot reluctantly admit Argos card debit IS statute barred

[new-me2010]

Had an Argos card in 2005, This received today after sending statute barred letter.

 

Dear NM

 

We acknowledge that the account is statute barred and so governed by the Limitation Act 1980. Under the OFT guidelines it is accepted that legally the debt still exists but that the collection of these debts must in no way be contrary to section 40(1) of the Administration of Justice Act 1970.

 

Whilst we don't consider our actions have breached any law or regulatory guideline, your account has been withdrawn from our regular collections process.

 

If you have any queries call one of our customer advisors.

 

 

Oh how that must hurt

[renegadeimp]

Nice. Keep hold of that. Cabot are known for selling the debt off, but not marking it as SB due to "admin errors".

[new-me2010]

I have bought a new folder to put it in.

[fkofilee]

I have bought a new folder to put it in.

 

And you couldnt have used the money to pay for the new folder to pay off some of the debt...

 

Tut Tut... ^__^

 

Im kidding, thats great news and I hope Cabot actually do get it right and give you some peace.