Cabot

Maha12

t has been suggested I post on this thread rather than loans or debt free challenges. Third time lucky!

As briefly as possible, Cabot bought my merged credit card/loan/overdraft debt from HSBC 3 months ago. My debts with HSBC date back to 2003 and became a managed loan when I defaulted in 2006. The bank didn’t formally default me until 2012 however.

I have been paying HSBC all this time. When Cabot bought the debt I did a CCA request and they have said it is “presently unenforceable.”

My concern is whether they can still get a CCJ, which I gather they can but probably won’t bother to do until they get the CCA from HSBC (?).

Here’s the thing, I have just gone through some old papers and I have a letter from HSBC that says I would have signed a CCA and agreed to the managed loan back in 2006 (which I cannot recall) but that they did not keep a copy of it.

Where do I stand? Is there a risk of a CCJ from Cabot or will they flog it back to HSBC?

Maha12

I'd like to post up the letter HSBC sent me here but don't know how to. If anyone can help? Getting frustrated because I posted my thread on the wrong areas previously (loans and debt free challenges).

Willing2Learn

Hello again

1. Scan the letter
2. Save the letter as an image file
3. Go to http://tinypic.com/
4. Click on the browse button and select your image file
5. Click on the 'Upload Now' button
6. Right click on the "IMG Code for Forums & Message Boards"
7. Copy and paste the code into your post

Edit: Don't forget to blank out your name and address!!

Maha12

Upload Failed! Invalid format (jpg|bmp|gif|pcx|png|psd|tif) )

Maha12

It only scans as Adobe

Willing2Learn

No problem

1. Do a screenshot of the adobe image.
2. Then open Windows Paint.
3. Click on the 'paste clipboard' button on the top left corner.
4. Then save as an image file and proceed as per earlier instructions.

Maha12

ugh! "Sorry as a new user you are not allowed to post with links"


Can I pm you the link for you to post up?

Willing2Learn

Go right ahead and PM me! Just make sure you have blanked out any personal details that can identify you. Thanks

Maha12

should be fine nd blanked out. Thanks. hopefully someone can then advise on enforceability.

Willing2Learn

sourcrates

Hi,

I did answer this for you on your previous thread.

Cabot can start a court claim, should they so wish, but, because they have admitted they no longer hold a valid credit agreement, they would be very stupid to do so, it is never going to happen.

If they did, you would defend the claim on the basis that no valid agreement exists, and it would probably be dropped at that point.

If you failed to defend it however, they could obtain a judgement by default.

I hope that makes things clearer.