Information on Cabot

[MARTIN3030]

I saw that one or two CAG members have already reported this to the OFT for considered response. I have merged those in with this thread.

Edited June 14, 2010 by MARTIN3030

[Guest Mrs Hobbit]

The pressure has to be applied to the OFT to take decisive action and I agree, forward everything to you MP. I hope our new MP is better than our last one,. he had the termerity to tell me the behaviour of the lenders and DCA's is acceptable..needless to say I never voted for him again. With the boundaries redistribution we have a new MP, he's been down and held surgeries, so I am going to test his mettle, give him a copy of my Cabot's dossier and also apprise him of the tactics used and the White Data they want more access to.

[pmhcfc]

, give him a copy of my Cabot's dossier and also apprise him of the tactics used and the White Data they want more access to.

 

Yep...yet another little phrase for Kenny would be "People in glass houses shouldn't throw stones."

[unclebulgaria67]

Does the freedom of information act provide any exclusion for the OFT not to publish information on complaints against individual DCA's. Perhaps this should be tested, as surely in the public interest to know the nature of complaints, the number of complaints registered, without disclosing details of individual cases or communication between the OFT and DCA's.

 

This House of Commons select committee did look into the regulation of Debt collection companies as per the link below. Perhaps they need to look again and might be assisted, if freedom of information requests are made and taken to the Independent Information commissioners office. The OFT will refuse, hence the need for the IICO to be involved. FOI request process also in link below.

 

http://www.parliament.uk/briefingpapers/commons/lib/research/briefings/snha-05138.pdf

 

Department for Constitutional Affairs - People's Rights - Freedom of Information

[pmhcfc]

Awww, bless...Now David Vant (Debt Purchase Manager, Cabot) is getting in on the whining carousel...This extract taken from a very (very) recent article he has written and published in the public arena.

 

Debtors should understand that the whole credit system relies on them taking on board a moral obligation to repay their debts. Unscrupulous debtors may attempt to avoid repayment on the basis that documents cannot be provided, despite it being quite clear that they have borrowed the money. Hiding behind paper trails in this manner has a detrimental knock-on effect on those borrowers that do repay.

 

When will these guys ever learn? It's nothing to do with morals, but all to do with the LAW...If by LAW Cabot cannot supply people with the correct paperwork etc etc, then I (or anyone) am not going to hand over £10k to them just because they feel I should be morally obliged to.

 

In this article, he (unsurprisingly) bangs on about ethics...I'll repeat myself, if it's ethical for Cabot to buy a £10k debt for £500, add a pile of interest and attempt to collect in the region of £15k+ then my name's Mickey Mouse.

 

Still, I guess this Mr Vant has no wish to be dismissed from his position, no doubt he's just saying what Kenny and Glen want to hear.

Edited June 14, 2010 by pmhcfc

[littlefatbudha]

Have just reported cabot to consumer direct, for not complying to cca request, they said that they will forward to relevent bodies !

The gentleman on the phone said i should take them to court but he could give no legal advice.

[Pinky69]

What a shame, Mr Vant of Cabot. I only didn't pay £48000 because there was no paperwork and 4 of those paperless accounts were bought by Cabot. Did I affect other borrowers? - Nah - but the greedy banks did, big style. Goodbye Mr Vant - and before you go - kiss my moral a%se!

[Satterthwaite]

Just thought i would give this a bump, some interesting reading.........Wonder where pmhcfc went?