Cabot/Restons CC Debt

SBF79

I had an Aqua CC which I had just over 10 years ago. I defaulted and stopped making payments. Fast forward to 2015 I got a court claim from Restons via Cabot.

I sent off the postal order to Cabot and sent off a letter to Restons after receiving the claim. I haven't heard from Restons since the claim was issued. Cabot responded within the 12 days stating it would take up to 40 days to send me the signed agreement.

I received the signed agreement this weekend. A copy of the agreement with my signature and the statement of the credit card from Aqua. It actually turns out I was wrong. I can hold my hands up to it and it actually wasn't statute barred as I thought. My last payment was 5 years ago and not 6 like I had thought. So it's not SB.

I have 14 days to contact Cabot to work out a payment plan with Cabot before they go the CCJ route. My concern is the payment plan as I'm a single unemployed mother on income support and can't afford to pay much at all. I'm just concerned it's going to go into a back n forth with them refusing anything I offer to pay.

I'm guessing they'll want to see and income/expenditures from me which I have no problem in providing. I just want to know the correct way to handle this next step. BTW I won't be calling Cabot I will be doing all of my correspondence with them in writing.

Any advice would be greatly appreciated.

sourcrates

Hi,
Just offer to pay an amount you can afford, and don't budge.

Bear in mind, a court will not make you pay more than you can afford, always a good plan to remind a creditor of that fact.

You must make sure you respond to the court claim within the timescales.
Best to acknowledge online, rather than by post.

SBF79

sourcrates wrote: »

Hi,
Just offer to pay an amount you can afford, and don't budge.

Bear in mind, a court will not make you pay more than you can afford, always a good plan to remind a creditor of that fact.

You must make sure you respond to the court claim within the timescales.
Best to acknowledge online, rather than by post.

The claim has been responded to as I received the info from Cabot after the date had passed which was April 13th. At the time I thought it was SB so put that as defence on the claim, which of course now if incorrect.