1st credit help needed

sues1066

Hi I was contacted by first credit saying that i owe them money for a HFC loan, i paid off a few debts some years ago and I am sure that this was amongst them, I made a reduced final payment at the time. I have gone through my bank statements and have found a payment thats seems to be for about the right amount but it was paid to a collection company called Cabot Financial. I dont have a receipt and the amount on my bank statement does not indicate that it was for HFC only that its approx the right amount and it was paid to CAbot Financial. I have tried to get some contact details for Cabot Financial over the internet but can find nothing at all about them, does anyone have any contact details for them and are they still in business. Stupidly I gave ist credit my telephone number before i found this site and haveing read up about them I am now waiting for the calls to start. I dont know what to do and i am really worried that I am going to start getting horrible phone calls from them, I have asked for a copy of the original credit agreement as suggested on here but i really dont know what else to do. Can anyone help me.

DadsDown

Try this - all the w's cabotfinancial.co.uk (sorry can't post proper links)

Oneday77

Sue a creditor has to prove to you that there is money owed in your name.

Basically on the 1st phone call you get tell them that they need to send you proof of monies owed as until that time you acknowledge no debts. If you are put under pressure to make any payments over the phone don't.

Pretend your a soldier under interrogation but instead of repeating Name, Rank & serial number. State" Prove it, Prove it, Prove it". Don't supply any contact details and they can post to where ever they think you are, if you are even who they think

DarkConvict

If they get in touch send this - http://forums.moneysavingexpert.com/showpost.html?p=11570893&postcount=2

Only write, do not ring. If they ring, refuse to answer security questions and send them this - http://forums.moneysavingexpert.com/showpost.html?p=11571485&postcount=4

Worth reading this too - http://www.oft.gov.uk/shared_oft/business_leaflets/consumer_credit/oft664.pdf

False representation of authority and/or legal position
2.3 Those contacting debtors must not be deceitful by misrepresenting their authority
and/or the correct legal position.
2.4 Examples of unfair practices are as follows:
f. pursuing third parties for payment when they are not liable

Physical/psychological harassment
2.5 Putting pressure on debtors or third parties is considered to be oppressive.
2.6 Examples of unfair practices are as follows:
d. not ensuring that an adequate history of the debt is passed on as
appropriate resulting in repetitive and/or frequent contact by different
parties

Deceptive and/or unfair methods
2.7 Dealings with debtors are not to be deceitful and/or unfair.
2.8 Examples of unfair practices are as follows:
i. failing to investigate and/or provide details as appropriate, when a debt is
queried or disputed, possibly resulting in debtors being wrongly pursued
j. requiring an individual to supply information to prove they are not the
debtor in question, for example, driving licences, passports, full name,
date of birth, signatures