Anyone advice on Cabot financial?

fieryleo1984

Evening everyone, I have a outstanding debt of £215 with cabot (egg sold it on), however a family member has offered me £100 to help with debts. Shall i offer this to cabot as full and final settlement? Anyone had any luck settling debts with them?

Em x

rebel2

Ive found cabot to be notorious at being un-moved. They send you all sorts of threats that they can't enforce, and are ignorant with it too. I would send them a template letter offering them 25% take it or leave it. The total amount isn't that high, so they are not going to chase you to the ends of the earth!. Also send for a CCA first!.

fieryleo1984

Thanks for your reply, im actually quite lucky ive had no problems, no phonecalls etc from cabot they just sent a letter to say they have taken over egg card and aware im on dmp and they will talk to them!
However ive had awful dealings with debt managers, constant phonecalls etc

E,x

Aspiring_Writer

fieryleo1984 wrote: »

Thanks for your reply, im actually quite lucky ive had no problems, no phonecalls etc from cabot they just sent a letter to say they have taken over egg card and aware im on dmp and they will talk to them!
However ive had awful dealings with debt managers, constant phonecalls etc

E,x[/QUOTE

Hi Em. Cabot will entertain full and final settlements, however I am not sure if that would extend to 50% I dont want to give you false hope but you may be surprised. It is definitely worth talking to them if you are in a position to settle the debt.

Good Luck, I hope you get a result.