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Cabot Financial

·2118 words·10 mins

Do you owe money to Cabot Financial?
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Cabot Financial: This is How to Stop Them Instantly for Free
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Cabot Financial (also called Cabot debt collectors) is a debt collection agency based in England and Wales. They’re authorised and regulated by the Financial Conduct Authority. Their office is in West Malling, Kent.

You might also see them listed as:

  • Cabot Financial Europe Limited

  • Cabot Credit Management (CCM) Group Limited

They’re also members of the Credit Services Association.

Cabot contacts thousands of people each day by phone, email, and sometimes even visits. They do this to collect debts they’ve bought from other companies. This includes debts from:

  • HMRC

  • DVLA

  • Scottish Power

  • First Utility

  • NPower

  • Local councils

  • Credit card companies

  • Loan companies

If you’ve fallen behind on payments with any of these, your details may have been passed to Cabot.

We can help
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At IVA Advice, we have been dealing with high numbers of debt collection companies like Cabot Financial for years.

We offer free, confidential, and independent debt advice to help you take control of your finances. If you are dealing with Cabot Financial or any other debt collector, you are not alone. We help hundreds of people in similar situations every month.

You can read our reviews and see the messages of thanks from customers we have supported. Many people have turned their lives around in a short time with the right help.

It is important to get advice from a trusted and experienced service. We will explain your options clearly and help you create a debt plan that suits your needs.

Get in touch with us today. Expert support is available, and we are here to help you every step of the way.

If you are eligible for an IVA, our advisors will provide you with a reference number which you can give to Cabot Financial. This will stop all contact from Cabot until your application has been successful.

Who is Cabot Financial?
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Cabot Financial is a well-known debt collection agency based in England and Wales. They work across the UK and Ireland and are part of the Cabot Credit Management Group, one of the largest credit management companies in Europe.

Cabot Financial buys unpaid debts from banks, credit card companies, and other lenders.

After buying these debts, they contact people to collect the money owed. This is how the company makes its money.

Since starting in 1998, Cabot Financial has spent a lot of money buying loan portfolios and has collected over £3.4 billion in debt. Their long history and the size of their collections show just how big a role they play in the debt collection industry.

How Does Debt Collection Work?
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Debt collection is the process of trying to recover money from people or businesses who have not paid what they owe. Debt collection agencies, such as Cabot Financial, play a big role in this process. They often work on behalf of lenders and creditors to collect unpaid debts.

The process usually starts with letters and phone calls to the person who owes money. These are sent to encourage payment. If that does not work, the agency may take further action. This can include court claims or sending bailiffs to visit the home.

If you are being contacted by a debt collector, it is important to know your rights. There are rules that debt collectors must follow. You also have options. Getting proper debt advice can help you understand what steps you can take. Formal debt solutions may be available to help you deal with the situation and move towards financial stability.

What happens if I ignore Cabot Financial?
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If you ignore Cabot Financial and leave your unpaid debt unaddressed, they will escalate your account through their collection approaches. Their collection steps look like this:

1. They will send a Letter Before Action (LBA). The LBA will give confirmation of which lender or company the debt was with, how much it’s for and how long you have to repay it; usually seven days.

2, If you do not pay by the deadline, as a next step Cabot will send you another letter. This message will advise that they will visit your home to give you another opportunity to pay your account in full.

3. If you ignore this notice, Cabot may assign an agent to visit your home. These agents range in standards and generally have very little power, but it is a hassle and embarrassing.

4. If they are not successful in collecting money to repay your creditor, they can issue something called a Money Claim, against you. This official document will arrive by post, demanding the full amount with an extra rate on top. You will have 14 days to make a repayment in full or dispute it.

5. If you choose not to pay at this point, then a will be issued in your name. It will go on your credit file for six years and ruin a lot of chances of getting credit from others in the future. Avoid a charging order where possible. If they issue a CCJ, then they have the right to instruct bailiffs with powers to collect the debt.

During the call, we’ll review your case and answer your questions; please have any letters or email that you have received to hand. It’s important to know that someone with experience in these matters has your interests at heart and will guide you with the next steps of your journey.

How To Manage Your Debt?
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If you find yourself struggling with debt, it’s vital to take proactive steps to regain control of your finances.

Start by contacting your creditors, including Cabot Financial, to discuss possible payment options and negotiate a manageable debt repayment plan.

Seeking professional debt advice from a reputable agency can also be immensely beneficial, as they can help you understand your options and develop a personalised debt management plan.

Depending on your circumstances, you might explore formal debt solutions such as a Debt Management Plan (DMP), Individual Voluntary Arrangement (IVA), or even Bankruptcy.

Each of these options has its own set of benefits and considerations, so it’s important to choose the one that best aligns with your financial situation and credit commitments.

Seeking Help and Protection
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If you are being contacted by debt collectors like Cabot Financial, it is important to get the right help and support to deal with the situation.

You can start by speaking to Cabot Financial directly to understand the debt and see what payment options are available. In some cases, they may agree to a repayment plan that fits your budget.

It is also a good idea to get free debt advice from a trusted and independent agency. They can explain your rights and help you decide on the best way forward.

If you feel you are being treated unfairly, you can contact the Credit Services Association (CSA) or the Financial Ombudsman Service (FOS) for extra support and protection.

There are also formal debt solutions that may help, such as:

  • Debt Management Plan (DMP)

  • Individual Voluntary Arrangement (IVA)

  • Bankruptcy

These options can give you legal protection from creditor contact and help you take back control of your finances.

Can Cabot Financial send bailiffs?
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Cabot Financial can only use bailiffs to enter your property or business offices if they have exhausted their pre-action protocol. If they have followed this process and then issued a Money Claim which you haven’t defended, then they can instruct bailiffs to enter your property, generally through an unlocked door. Once they enter the property, they can remove possessions of value to sell towards the debt.

Can Cabot take you to court?
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Not paying Cabot Financial could land you in court, facing an order. If you can afford it, settling your debt account upfront can prevent legal actions and lead to a quicker resolution. If you have not responded to their second letter, they may refer the debt to the courts via a Money Claim. This process will allow you to dispute the debt. To do this successfully, you should seek legal advice and employ a solicitor you have confidence in to defend you. If you ignore the Money Claim and do not attend court, you will receive a CCJ on your credit file, and the court could order you to repay your full debt account.

Testimonials
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“Thanks so much to Ethan & Matt for guiding me through the initial process. They were professional, informative and highly supportive.““Good advice and very helpful.““Very helpful and supportive of my situation no judging talked me through the process very professional.”

Cabot Financial Frequently Asked Questions
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If you ignore your debt account with Cabot Financial, they may make a court order claim against you. You would receive a claim form through the post and you would either have to pay the money in full or dispute the bill. If you dispute the bill against Cabot Financial, you should take legal advice, as your strategy may be met with little understanding.

By paying nothing towards an account or an order, you are breaking a credit agreement, which will impact your credit rating. Sadly the manner and method many debt collectors operate with, classes you as a debtor, rather than a person in a difficult situation.

There may be a way to write off any debt account that you have with Cabot Financial if you have a total of £5000 or more of unsecured debts.

Cabot Financial are a collections agency; this means that they can buy a debt account from numerous sources and legally pursue payment of the account through a variety of tactics. Some of the most common debts for collections agencies are council tax arrears, parking fines, benefit overpayments, loans, credit cards, telephone bills, water and utility bills.

Cabot Financial (Europe) Limited is an Appointed Representative of Cabot Credit Management Group Limited which is authorised and regulated by the Financial Conduct Authority with firm reference number 677910.

Cabot Financial (Europe) Limited is registered in England and Wales with company no 3439445. Registered office: 1 Kings Hill Avenue, Kings Hill, West Malling, Kent ME194UA.

Cabot Financial are a legitimate debt collection company, representing Cabot Management Group Limited.

Cabot Financial (Marlin) Limited is registered in England and Wales with company no 4618038. Registered Office: Marlin House, 16-22 Grafton Road, Worthing, West Sussex, BN11 1QP.

You can contact Cabot in the following ways, quoting your customer reference number:

In addition, the Cabot Credit Management Group (Cardiff) website lets you send an email to customer services, with fields to complete with your personal details and account number.

Accepted payments:

  • Bank transfer
  • Postal order
  • Debit card, credit card online payment; debit Visa, Electron, Maestro, Visa Debit, MasterCard, Visa
  • Download the MyCabot app. To sign in, set a password or sign in using TouchID and manage your account anywhere anytime
  • Credit card
  • Online banking
  • Paypoint
  • Cheque
  • Standing order, direct debit
  • Direct payment by phone
  • Payment plan for part payments or a lump sum

Customers can create an online account with Cabot Financial Europe Limited using an email and a password, which enables them to access their account anywhere, anytime, connect with Cabot, and make payments towards their credit commitments.

The Financial Conduct Authority (FCA) regulates Cabot Credit Management Group as the company is registered in England and Wales, with a registered office in Kent. Their FCA reference number is 677910.

If you are not happy with how the Cabot team have handled your complaint, or other things relating to their approach, you can make a referral to the Financial Ombudsman Service:

  • Email: complaint.info@financial-ombudsman.org.uk
  • Tel: 0300 1239 123

Cabot Financial Europe Limited is a company registered in England and Wales with a registered office at 1 Kings Hill Avenue, Kings Hill, West Malling, Kent ME194UA. Cabot Financial Marlin Limited is also registered in England and Wales with a registered office at Marlin House, 16-22 Grafton Road, Worthing, West Sussex, BN11 1QP.

Do you owe money to Cabot Financial?
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Financial Advisor at IVA Advice
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I am a CII Advanced Diploma Financial Advisor with over 15 years of experience working with FCA Regulated Finance Companies in the insurance, credit card, loan and debt industry.

I am very familiar with The Civil Enforcement Association and the High Court Enforcement Officers Association and I have written extensively on Financial Services matters.

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