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Offering full and final
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zenshi
Posts: 1,133 Forumite
My smallest debt has been sold to Cabot about 4 months ago but still managed by Akinnika. I'm chancing my arm and offering a settlement in the hope they may have yearly targets to meet!
Anyway, the latest letter states I can call them direct but any written correspondence should go to Akinika. Who surely will have to pass to Cabot for a decision?!
Re reading their letter, it says date assigned March....this would be when they actually bought the debt and waited till Sep to let me know?
Sorry mods, wrong board. Could someone move it to main section please
Anyway, the latest letter states I can call them direct but any written correspondence should go to Akinika. Who surely will have to pass to Cabot for a decision?!
Re reading their letter, it says date assigned March....this would be when they actually bought the debt and waited till Sep to let me know?
Sorry mods, wrong board. Could someone move it to main section please
LBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,764
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,764
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Thanks enthusiasticLBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,7640 -
What is your question Zenshi? Sorry if I missed it but I would say any decision on full and final will probably be have to be made by Cabot if they own the debt still. Date assigned would be the date they bought it I would imagine but someone more experienced than me might know better.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Sorry I was rambling.
I guess my question was....as I can only contact Cabot by phone....should I call to discuss then follow up with a letter to the agents dealing
Having fished out all my paperwork I have now found and address directly for Cabot
So moral is...read and re read thoroughly before posting daft threads :rotfl:LBM.....sometime in 2013 £27,056. 10 creditors
June 20.....£7,587.....3 creditors left 72% paid
£26,200 on interest only part of mortgage (July 16)...will chip away £17,103
£49,200 repayment mortgage ( July 16) £37,7640 -
Sorry I was rambling.
I guess my question was....as I can only contact Cabot by phone....should I call to discuss then follow up with a letter to the agents dealing
Having fished out all my paperwork I have now found and address directly for Cabot
So moral is...read and re read thoroughly before posting daft threads :rotfl:
Hi Zenshi,
All correspondence regarding full and final offers should be made to the debts owner in writing using the national debtline template letter.
Debts are sold in hugh batches (1000`s at a time) and it can take a while to get around to your particular account, that would be the reason for the delay, they may also search your credit file and do other checks to get an idea of your ability to repay it, before contacting you.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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