Cabot advice

gerrard88

Morning all

my halifax defaulfed a year ago and been paying cabot £20 a month.  They have written to me to say they want me to do a budget again to try pay more

Do i need to do this? I have offered to pay £30 now but there still
asling me to do a budget

thanks all

Grumpelstiltskin

No you don't have to do one, or you could do one that you tailor to get to the figure you are able to pay, as long as it isn't ridiculous they won't know it isn't accurate.

gerrard88

Ah great thanks

so could just email back and say i am not doing one?

Also my tesco defaulted a year ago and i have had no correspondence from anyone for a year

Grumpelstiltskin

gerrard88 said:

Ah great thanks

so could just email back and say i am not doing one?

Also my tesco defaulted a year ago and i have had no correspondence from anyone for a year

Yes just tell them no, if they persist then invent one to shut them up, remember they can't look at your current account to see eg. how much your gas bill is just don't make it obvious it's invented. Remember never show them your bank statements.

Tesco  every little helps, if you haven't heard anything just keep quiet.

ManyWays

These debts sound quite recent, have you looked at affordability complaints against the original lenders?

gerrard88

ManyWays said:

These debts sound quite recent, have you looked at affordability complaints against the original lenders?

What do you mean sorry?

Grumpelstiltskin

gerrard88 said:

ManyWays said:

These debts sound quite recent, have you looked at affordability complaints against the original lenders?

What do you mean sorry?

This explains affordability.

Affordability refunds from large loans and car finance · Debt Camel

Billy_Dandy

gerrard88 said:

Ah great thanks

so could just email back and say i am not doing one?

Also my tesco defaulted a year ago and i have had no correspondence from anyone for a year

Just about the thing you said about Tesco.
PayPal credit defaulted me in December 2024 and Lendable defaulted me in March 2025. I havent heard anything from them either...
It can be a bit disconcerting. 
Others have defaulted me more recently and sold the debts and I am now paying them.

I suppose some companies just take longer. 

gerrard88

Cabot still requesting i do a budget planner. Keep ringing me every day!

anyone got any advice so I can just pay little bit more a month? Been paying £20 for a yeae

RAS

Presumably you have a Statement of Affairs (budget) and have been running this long enough to understand how recent price increases affect your situation? And what you left out on your previous versions?

Once you take those account do you have more or less available for debt repayments?

gerrard88

I think so! I self managed dmp

not sure what to do next really