Cabot Financial
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Who are Cabot Financial?
Cabot Financial are a debt purchase company based in Kent, England. They are a part of the collective Cabot Credit Management Group which includes Cabot Financial (UK) Limited, Marlin Capital Europe Limited, MCE Portfolio Limited, MFS Portfolio Limited, Marlin Europe I Limited, Marlin Europe II Limited, ME III Limited, ME IV Limited, Marlin Europe V Limited, Marlin Europe VI Limited, and Cabot Financial Portfolios Limited.
Cabot Financial is one of the UK’s largest debt purchasers and have dealt with over 2 million customers since they were established in 1998.
Their full company name is Cabot Financial (Europe) Limited, Company registration number 3439445 and are registered in England and Wales. Registered office: 1 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4UA.
How to contact Cabot Financial?
Cabot Financial telephone number:
0344 556 0263
Website:
https://www.cabotfinancial.co.uk/
Cabot Financial postal address:
1 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4UA.
Can you help me deal with Cabot Financial?
Yes. Here at PennyPlan we specialise in helping people dealing with their debt problems. We offer a holistic approach to debt solutions and will only ever discuss options that are relevant to you based on your own financial circumstances.
We have helped many customers deal with creditors, including Cabot Financial. We guide our clients on their journey to get them the desired resolution, with some even writing off a percentage of the debt they owe.
Are Cabot Financial legitimate?
“Are Cabot Financial legit?” is a question we’re often asked. The answer is yes, they are legit. They are authorised and regulated by the FCA (Financial Conduct Authority).
This means they must abide by all laws set out to credit providers in the UK. These rules establish the minimum standards that companies like Cabot Financial must adhere to.
Who do Cabot Financial collect debts for?
Cabot Financial are a debt purchase company who buy debts from credit providers, including banking, consumer finance, telecommunications companies, retailers, utilities companies and government agencies.
If you have fallen into arrears, the debt will often be sold to Cabot Financial rather than being pursued through the courts.
Why are Cabot Financial contacting me?
If you have been contacted by Cabot Financial this is because a company they have purchased your debt from is saying you owe them money. This can often be a confusing time as you might not be familiar with the company name.
Creditors often do not make it clear, or even sometimes they will not make you aware that they have sold the debt on to a company like Cabot Financial, so it can come as a bit of a shock or catch you off guard when they contact you.
If you are worried about dealing with Cabot Financial then let us help you with them.
Click ‘Contact Us Now‘ below and we will give you a call straight away.
How will Cabot Financial get in touch with me?
Their contact will usually start with them sending you basic letters requesting you get in touch with them by phone to arrange payment, but this can quickly escalate into letters threatening to visit your home.
They will also try to contact you by phone and have numerous different telephone numbers. Some of the more common ones used when chasing debts are: 0141 375 0925, 0141 375 0928, 0141 375 0991 & 0141 375 0900.
They will call repeatedly throughout the day on the hope of catching you when you are available to talk but generally, they will not leave a message if you do not answer.
What should I do if Cabot Financial are contacting me?
If Cabot Financial are contacting you, the first thing you should do is take impartial advice from a specialist in dealing with creditors like PennyPlan. We will take you through a short telephone consultation to understand your situation from a neutral point of view, we can help you understand whether you are liable to pay the debt and help you understand what options you have to repay towards this debt, if you can afford it.
Click ‘Contact Us Now‘ below and we will give you a call straight away.
The important thing to remember with ourselves is we are on your side. We will take you through a process known as an income & expenditure to understand fully your financial situation and then we will talk to you about which options are available to you to take care of your debts.
How to deal with Cabot Financial?
Don’t ignore the problem as it won’t go away. If a debt collector like Cabot Financial is involved the issue needs dealing with. The first thing to understand, is that you do actually owe the money you are being chased for. It is up to Cabot Financial to prove that this is the case.
This should be proven by them providing the original credit agreement with your signature on it. You can request this either over the phone if you do decide to take their call or if you would rather not speak to them you can also send this request off in writing to them.
It is very important when you communicate with them if you do so by post, you should type your name instead of signing it. This is so you do not provide them with a new copy of your signature, and they can only provide this if they do have an original credit agreement proving you owe the debt.
If you do not owe the debt, you should receive communication from Cabot Financial to state they have dropped this claim against you and they will no longer be chasing you regarding this debt.
If you do genuinely owe the debt, then you should look at ways to pay it back and we can help you explore your options as there are a number of different ways to do so depending on eligibility.
Click ‘Contact Us Now‘ below and we will give you a call straight away.
Can Cabot Financial take me to court?
The short answer to this question is yes, any creditor can take you to court if you owe them money but there are strict legal processes in place which they must follow before it would ever get to that stage.
Initially, they are required to send you a warning letter, typically in the form of a default notice, to inform you of their intention to take legal action. It is crucial to take prompt action upon receiving a default notice to prevent the situation from escalating. A default can harm your credit score.
Once a default notice has been issued, and only after that, can a creditor serve you with a claim form. Subsequently, a County Court Judgment (CCJ) may be issued against you, which will remain on your credit report for a duration of seven years.
We would always recommend getting in touch with the creditor before it gets to this stage to see if you can deal with things before they escalate any further. We can help you deal with this process and we can discuss which debt solutions can offer legal protection which will stop legal proceedings if they are not already too far gone. The key part of this process is speaking with us as soon as possible to see what options you have.
Click ‘Contact Us Now‘ below and we will give you a call to help you deal with this process.
Does Cabot Financial affect credit score?
A lot of clients ask us the same question. If you have a debt with Cabot Financial this is because you have not kept up with your agreed repayments. A single late or missed payment might impact your credit score in a negative manner.
Cabot Financial get involved when your account goes into default which is usually after 3-6 months of arrears.
Although the default on your credit file will drag your credit score down, all hope is not lost. There are a number of things you can do over time to try to offset the impact this has.
If you would like to discuss your options and talk about how we can help with a debt solution click ‘Contact Us Now’ to arrange a call.
Still unsure or want to know more?
That’s where our advisors come in, our expert debt advice team can help find a solution that works for you. If you need help with problem debt, we’re on your side.
At PennyPlan we understand that every financial situation is different, and approach every customer with the care and individuality that they deserve.
So, get in touch today and start living better with PennyPlan.
