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  • #1

    Cabot and Formal Account Review

    My Dad has an Egg Card (enforceable) that he is paying Cabot Financial £100pcm since 2009. Account is now around 11k from 14k.

    He has not reduced his payments and paid on time etc. But they are bugging him for a "formal account review" of his payments. Which he has ignored.

    If he ignores them for too long does he risk a CCJ?
    Tags: account, accounts, arrangement, assessment, cabot, card, cca, cca 1974, ccj, con, consumer, council, council tax, court, creditors, debt, debtor, egg, electric, email, finances, financial, fuel, gas, high court, income, lost, money, monthly, niddy, paid, payments, rating, review, risky, ruling, solicitor, tax, update, wages
  • #2
    Re: Cabot and Formal Account Review

    Originally posted by malamute View Post
    My Dad has an Egg Card (enforceable) that he is paying Cabot Financial £100pcm since 2009. Account is now around 11k from 14k.

    He has not reduced his payments and paid on time etc. But they are bugging him for a "formal account review" of his payments. Which he has ignored.

    If he ignores them for too long does he risk a CCJ?
    Hi,
    Pretty standard they will always try and get more. £100 pm seems a good repayment, I have a ccj for more than that and I pay £100 they are always asking every year for more, Itell them I cant afford anymore
    and they leave me alone.

    Comment

    • #3
      Re: Cabot and Formal Account Review

      I would get him to consider writing back thanking them for the opportunity to review his account.

      Inform them that his income has not altered and is still earning £x/month, however with the rise in things like gas/electric, council tax, fuel, food etc that his surplus income is now less than when he first came to the arrangement, therefore may have to consider reducing his payments.

      However, as a gesture of goodwill he will continue to pay £100/month if he can, unless a review of his finances demonstrates this is unsustainable.

      This is usually enough to make them scurry back under the rock they crawled from.
      "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

      The consumer is that sleeping giant.!!


      I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

      If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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      • #4
        Re: Cabot and Formal Account Review

        Yep that's a great answer SnV

        Comment

        • #5
          Re: Cabot and Formal Account Review

          Originally posted by SaltnVinegar View Post
          I would get him to consider writing back thanking them for the opportunity to review his account.

          Inform them that his income has not altered and is still earning £x/month, however with the rise in things like gas/electric, council tax, fuel, food etc that his surplus income is now less than when he first came to the arrangement, therefore may have to consider reducing his payments.

          However, as a gesture of goodwill he will continue to pay £100/month if he can, unless a review of his finances demonstrates this is unsustainable.

          This is usually enough to make them scurry back under the rock they crawled from.

          Yep! £1.00 a month or Quarter would be the figure,well be nice the greedy buggers
          I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

          If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

          Comment

          • #6
            Re: Cabot and Formal Account Review

            CCJ probably if they got not knowing the circumstances if the account has been challenged might produce a lower figure anyway?
            I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

            If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

            Comment

            • #7
              Re: Cabot and Formal Account Review

              Update on this - and they're "happy" that my payments remain at their current level. Although they did remind me that it will take ages! errr bovvered.

              One quick question to other people paying cabot (if there are any unfortunate enough to be) they had an account login.....but the link on their homepage has gone and the email link doesn't work.

              Don't want to call them either.

              Comment

              • #8
                Re: Cabot and Formal Account Review

                Originally posted by malamute View Post
                Update on this - and they're "happy" that my payments remain at their current level. Although they did remind me that it will take ages! errr bovvered.
                Pity its not UE. They're lucky to be getting anything at all!
                "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

                The consumer is that sleeping giant.!!


                I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

                If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

                Comment

                • #9
                  Re: Cabot and Formal Account Review

                  Originally posted by SaltnVinegar View Post
                  Pity its not UE. They're lucky to be getting anything at all!
                  indeedy!! - Niddy says its Enforceable and I read that we (the consumer) lost the battle at the high court and it can be risky re-visting these agreements so I'm concentrating on the other actual UE or blaggables.

                  Comment

                  • #10
                    Re: Cabot and Formal Account Review

                    Is your dad a homeowner (sole name)...? If not then what harm would a CCJ do...?
                    I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                    If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                    Comment

                    • #11
                      Re: Cabot and Formal Account Review

                      Originally posted by Never-In-Doubt View Post
                      Is your dad a homeowner (sole name)...? If not then what harm would a CCJ do...?
                      Joint homeowner with My Mum.

                      Comment

                      • #12
                        Re: Cabot and Formal Account Review

                        Originally posted by malamute View Post
                        indeedy!! - Niddy says its Enforceable and I read that we (the consumer) lost the battle at the high court and it can be risky re-visting these agreements so I'm concentrating on the other actual UE or blaggables.
                        We (the consumer) lost the Egg case at High Court.

                        Slater v Egg is a High Court ruling which was in the Mold District Registry and where HHJ chambers QC ruled Egg agreements did comply with the requirements of s61(1) A CCA 1974
                        I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                        If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                        Comment

                        • #13
                          Re: Cabot and Formal Account Review

                          Originally posted by Never-In-Doubt View Post
                          We (the consumer) lost the Egg case at High Court.

                          Slater v Egg is a High Court ruling which was in the Mold District Registry and where HHJ chambers QC ruled Egg agreements did comply with the requirements of s61(1) A CCA 1974
                          That's what I thought I'd read elsewhere on here. I've on another thread about re-con's but it to over my head to question it when I've other more straight forward accounts and this one.....should be kept off my back now I've a continued monthly payment agreed.

                          Comment

                          • #14
                            Re: Cabot and Formal Account Review

                            Originally posted by malamute View Post
                            That's what I thought I'd read elsewhere on here. I've on another thread about re-con's but it to over my head to question it when I've other more straight forward accounts and this one.....should be kept off my back now I've a continued monthly payment agreed.
                            Basically, ask Paul if you need clarity. He won't touch them which says it all..... (ie very high risk of losing).
                            I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                            If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                            Comment

                            • #15
                              Re: Cabot and Formal Account Review

                              Originally posted by Never-In-Doubt View Post
                              Basically, ask Paul if you need clarity. He won't touch them which says it all..... (ie very high risk of losing).
                              That's enough for me!

                              Comment

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