Cabot repayment

Louthom

Hi all.
I have been making small monthly payments to Cabot since they took over the debt in 2017.
I have recently been hassled to update my budget planner. I was prepared to pay more, but they have told me that I need to now pay them £92 per month when my monthly disposable income is £169.50. I declared that I put £25 per month into savings.
As we all know, official disposable income doesn't take into account all the little bumps in the road that affect us. I'm a single income home and I'm shocked that I'm being expected to pay such a large % of my disposable. 
Do I have to accept or can I offer a reasonable counter offer?

Grumpelstiltskin

What is the debt credit card, loan?

If so have Cabot provided a valid CCA at any time?

Can you answer these questions please.

fatbelly

If you are declaring a monthly disposable income of £169.50 and have no other debts, then of course they can ask you to pay that. They can't make you. In theory they could start a court claim but this is not as likely as you think.

It sounds like you have been giving them too much information.

I agree with Grump - if it's a Consumer Credit Act debt, do a formal CCA request. 

If they can provide it, look to settle with a lump sum

sourcrates

You appear to be under the mis-apprehension that Cabot can tell you what to do, and how to spend you`re own money.

Well they can`t, and you do not need to take any notice of what they say.

Your mistake was giving them an accurate figure from your budget, massive schoolboy error there.

You give them a disposable income figure of exactly what you want to pay them, then they can`t argue against it can they.

I concur with the CCA request, if they can`t produce it, they get precisely zero.

Louthom

Grumpelstiltskin said:

What is the debt credit card, loan?

If so have Cabot provided a valid CCA at any time?

Can you answer these questions please.

Hi. This was a credit card debt originating in 2013. The account was passed to Cabot in 2017. I have asked if there's a CCA and their reply this morning is that 'they do not hold this due to the age of the account'.

RAS

So stop paying. If they try to go to court, you defend in the absence of a CCA.

fatbelly

You need to do a formal request because it is their non-compliance with the request that makes it unenforceable.

Explained here

https://nationaldebtline.org/get-information/guides/credit-agreements-getting-information-ew/