Cabot Financial and Hitachi Nova loan

[dx100uk]

main pdf updated.

 

dx

[dx100uk]

says nothing really

 

17:41 4 entries last contract activated.

 

nothing about numbers at all.

 

dx

[kev 123]

No dx nothing at all should I just wait and see what cabot come up with next, or do you think I should get back in touch with them and tell them to go and whistle?

[dx100uk]

def await their next moved

 

I think we have enough to stop a claim

 

dx

[kev 123]

Cheers dx will keep you posted

[kev 123]

A bit of news, I have been on my credit file, Cabot have created a new account, any ideas if they can do this as the Hitachi account never showed

[dx100uk]

sadly they can

 

bet the default date is old mind?

 

dx

[kev 123]

Just received another informative and constructive letter from Cabot

 

telling me that payments have not been received in time and

they have had to cancel my arrangement.

 

As the account needs to be repaid they need to notify this change in situation to the Credit Ref Bureaux

and this will show i have missed payments.

 

If i continue to miss payments it will ultimately lead to the account being registered as a defaulted account

and the full balance will be due, rather than the arrears amount.

 

We would like to understand what caused you to stop making payments

and help you set up a plan that will suit you.

 

It is important that they talk to me to be able to do that,

 

please call.

[dx100uk]

p'haps their easter egg fund is low.

 

 

what default date has cabot put?

 

the same I hope?

 

dx

[kev 123]

Ha ha i like the easter link. On the credit report it just says new activity, Cabot financial loan and last 4 numbers of an account number that bears no similarity to the Hitachi or the Cabot accounts, nothing regarding any defaults, suppose i will have to wait till the full report goes on.

[kev 123]

Just received a standard Notice of Arrears from our friends

stating that this is not a final demand but a formal statutory notice.

 

Still no new account on my credit report only information on the reporting section of the credit report

stating notice of New Information

CABOT FINANCIAL (UK)LTD Loan.

 

Does this mean that they will record a default right away

or do they have to wait six months from the date they took the account

[dx100uk]

prob wont do anything

 

that is a NOSIN that they must send out better than once every 6mts

 

you'll have the FCA stuff in it as well

 

dx

[kev 123]

Yes dx the FCA stuff is in with the letter, just wait for the next episode

[kev 123]

Still nothing from Cabot, however on my credit report it says on the Cabot Account AP which i believe is an arrangement to pay, any ideas how or what to do regarding this. Is it normal to wait this long for any further correspondence from our friends?

[kev 123]

Just recieved a letter from Cabot stating

"This Default Notice is served in accordance with the Financial Conduct Authority Consumer Credit Sourcebook"

 

I am in breach of the "payment" clause under your credit agreement

by failing to pay the required instalments on the due dates.

 

In order to remedy your breach, you are required to pay £ xxxx.xx before 12th June.

 

If action required by this notice is taken before the date shown no further enforcement

will take place in respect of the breach.

 

If you do not take the action required by this notice by the date required

then further action set out below may be taken against you.

 

a. credit agreement will be terminated and you must then repay the full outstanding balance,

which will become immediately due and payable.

 

b.We will on or after the relevant date, enforce our rights under the agreement

and any other agreement which we own relevant to this agreement

and you will be required to comply with this and make payment of the outstanding balance then due.

 

c. A DCA may be instructed to recover the outstanding balance.

 

d. Legal proceedings may be taken against you for the recovery of the full outstanding balance.

 

e. Details of your account and default information will be registered with the CRA's

 

Outstanding balance £xx,xxx,xx

Less Rebate £ 00.00.00

Amount to be paid £xx.xxx,xx

 

Attached is FCA No 2 Default information sheet

[dx100uk]

as far as i'm aware

only the OC can issue default notices

[kev 123]

Thanks for that dx, is this just another one to ignore then?

[dx100uk]

well they cant trash your credit file as its already gone through the previous default reaching 6yrs and pulling the account off the record

 

what was the org OC's default date before cabot got ahold of it?

 

dx

[kev 123]

There was no default on the original account as it had never shown on my credit report. therefore no default.

 

I was paying a reduced amount agreed with Hitachi.

 

All was fine until i received the original letter from Cabot

[cashins]

Just recieved a letter from Cabot stating

"This Default Notice is served in accordance with the Financial Conduct Authority Consumer Credit Sourcebook"

 

I am in breach of the "payment" clause under your credit agreement

by failing to pay the required instalments on the due dates.

 

In order to remedy your breach, you are required to pay £ xxxx.xx before 12th June.

 

If action required by this notice is taken before the date shown no further enforcement

will take place in respect of the breach.

 

If you do not take the action required by this notice by the date required

then further action set out below may be taken against you.

 

a. credit agreement will be terminated and you must then repay the full outstanding balance,

which will become immediately due and payable.

 

b.We will on or after the relevant date, enforce our rights under the agreement

and any other agreement which we own relevant to this agreement

and you will be required to comply with this and make payment of the outstanding balance then due.

 

c. A DCA may be instructed to recover the outstanding balance.

 

d. Legal proceedings may be taken against you for the recovery of the full outstanding balance.

 

e. Details of your account and default information will be registered with the CRA's

 

Outstanding balance £xx,xxx,xx

Less Rebate £ 00.00.00

Amount to be paid £xx.xxx,xx

 

Attached is FCA No 2 Default information sheet

 

If that is a direct quote from their default notice it doesn't fit the required format and is not legal anyway.

 

David

[kev 123]

Thanks for that David, shall I post the letter on the site to make sure. What are the consequences if any of the letter not being in the correct format?

[fkofilee]

That letter they have served you sounds like they are the creditor when indeed they are not...

Extremely strange... Unless the above was part of a SAR request you made? But I can't see anything that says you've SAR'D Cabot...

 

Me thinks this is a pressure letter to worry you when you shouldn't

[kev 123]

Another letter arrived this morning, it reads

WE HAVEN'T RECEIVED YOUR PAYMENT

 

Your Cabot plan has failed as the payment as the payment due on the 30/05/2014 has been missed. It may be that your payment has been delayed, or that you have been unable to make this payment.

We would ask that you contact us to arrange a new repayment plan. We are prepared to take your circumstances into account but we can not do this unless you assist us.

It could be that the way you chose to pay us was not convenient. The best way to maintain regular payments and prevent your repayment plan from failing in future is to pay by direct debit.

 

CONTACTING CABOT

 

It is important that we talk to you so please call our team on 0845 0268 870.

 

C Lambert

[dx100uk]

std rubbish trying to trick you

 

its better if we SEE these letters and their format/layout

 

please scan them up

dx

[kev 123]

Here goes