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Debt Managers Services Ltd
Floopy2009
Posts: 98 Forumite
Anyone heard of these ?
Cabot have passed my account to them as they have admitted they can nnot provide my credit agreement ?
Cabot have passed my account to them as they have admitted they can nnot provide my credit agreement ?
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Comments
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Nope.
Just googled them and they are another debt company. It's possible Cabot have sold your debt on as they can't obtain the agreement.
How old is the debt?
When did you last make any payment towards it?
Keep your Cabot letter safe as you will need that!Mortgage started 2020, aiming to clear 31/12/2029.0 -
Debt defaulted two years ago, made no payments been asking them for agreement for that time. Had the letter off them few months back saying they cannot find it.0
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Then in that case they can't issue court proceedings as they can't prove the debt.
If they do, defend it with the letter.
There is also a letter kicking around about unenforceable debt, they can chase and you can ignore or make a lowball offer to tell them to FO
Mortgage started 2020, aiming to clear 31/12/2029.0 -
Yeah that was my plan of action just was concerned who these people were as very little on line about them0
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Its common practice for companies such as Cabot, to sell on debts with questionable legal paperwork, to another collector to try their luck.Floopy2009 wrote: »Yeah that was my plan of action just was concerned who these people were as very little on line about them
You just inform them (in writing) the account is currently unenforcable due to Cabots non compliance with your statutory request under sec 77/79 CCA 1978, and therefore you will not be paying this debt.
Chances are you will have to rinse and repeat with another collector in the future, or as above, make a low offer to settle once and for all.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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