Has Anyone Had Any Dealings With Cabot Financial?

ianmcg_2

I have had the same letter today from Cabot, but I have never had anything from Morgan Stanley about Goldfish, is it worth doing a CCA request or should I contact Cabot? I was paying Morgan Stanley agreed £5 per month.
Thanks

fermi

ianmcg wrote: »

I have had the same letter today from Cabot, but I have never had anything from Morgan Stanley about Goldfish, is it worth doing a CCA request or should I contact Cabot? I was paying Morgan Stanley agreed £5 per month.
Thanks

When did you originally take out the account?

Most that were started after about 2004/5 are much more likely to have a CCA because the banks tightened up. But it's likely Cabot would still have to request it from MS.

ianmcg_2

Hi
It must have been about 7-8 years ago.

fermi

ianmcg wrote: »

Hi
It must have been about 7-8 years ago.

If it was me I'd send a request then. Up to you though.

In case you don't have it:

Link: CCA request - Getting a copy of your credit agreement and account details

ianmcg_2

thanks fermi, I think I will send it off, nothing to lose. I am just surprised that I have heard nothing from Morgan Stanley about assigning the debt over to Goldfish

fermi

ianmcg wrote: »

thanks fermi, I think I will send it off, nothing to lose. I am just surprised that I have heard nothing from Morgan Stanley about assigning the debt over to Goldfish

Goldfish are the new name for MS I think. So they hadn't passed it on.

Last time I checked Companies House, it listed Goldfish as:

Previous Names:
Date of change Previous Name
21/05/2007 MORGAN STANLEY GOLDFISH LIMITED

ianmcg_2

Thanks for that info

mm2000

I had a phone call from Cabot this morning, they are putting my account on hold for a couple of weeks whilst I wait on Morgan Stanley to reply to my letter asking if they have sold the debt on. I was offered a reduced settlement by Cabot. £1055 on a debt of £1205. I can pay over 3 months. I might be able to get some money together but not that much. I'll offer alot less than that once I get confirmation from Morgan Stanley.

van22663

Hi everyone. I have just had a call from CABOT and got confused with the Goldfish bit. I have got a Morgan Stanley card and they confirmed that they had bought the debt from them. I have been paying £5 a month by standing order to Morgan Stanley/Goldfish and Cabot advised me to stop that and they are sending me a new direct debit mandate to pay direct to Cabot. I also did not receive any notification from the credit card company that my debt was being sold on, so i guess that is pretty standard. Guy from Cabot seemed pretty friendly and he dialled from an 0800 number, otherwise I would not have picked it up...im being hounded to death by an 0870 number which I believe is something to do with barclaycard, cant remember whole number but it ends in 3492. Just got it blocked by BT !

TightTone

Hello folks,

1. Do you mind me asking how long you had been in a DMP with Goldfish or Morgan STanley before they sold the debt to Caboot?

2. Where you being charged any interest on the debt with goldfish/caboot?

3. Where your payments low in ration to the debt owed?

Cheers