How to Deal With Cabot Financial Debt Collectors
Cabot Financial Debt Collectors boasts of being an award-winning debt purchasing company. They work with customers who hope to manage debt through an affordable payment process.
Yet, there are claims the agency's letters are demanding and aggressive. Cabot Financial allegedly threatens to visit your home. They claim they'll take you to court and bankrupt you.
Some suggest you not take the standardised letters personally as they're mailed without prejudice. Of course, anyone not used to such tactics may be intimidated. The company will harass you with calls, calling several times each day. They never leave messages.
If you've received such a threatening letter or had enough of their contacts, read on to find out what you can do. DoNotPay has the full scoop on the agency and the best ways to deal with it.
What Is Cabot Financial and Why Are They Calling Me?
Cabot Financial is a debt collector with a tendency for aggression. The agency says they follow the rules and regulations set forth by governing bodies. That means the company doesn't rely on tactics like threats, harassment, or bypass protocols.
Yet, customer complaints and reviews claim these tactics aren't outside the company's purview. The bottom line is if Cabot Financial reaches out, it's likely they bought your debt and want to resolve that debt.
Cabot Financial Contact Details
You can get in touch with Cabot Financial if you want to know more about why they are calling you.
|Cabot Financial Contact Information|
|Address||Cabot Financial Debt Collectors
1 Kings Hill Ave
Kings Hill, West Malling ME19 4UA
|Phone Number||44 344 556 0263|
What Happens if I Don't Pay My Debt to Cabot Financial?
You potentially open yourself to a world of aggravation. Cabot Financial has six years to collect that debt before it's discharged. They're ready to use every resource at their disposal to not let you forget it.
While not popularly known, debt collectors can show up at your home unannounced. We imagine how you might feel violated but legally this is a possibility. Keep in mind:
- Agents cannot come inside unless you invite them. If the agent lies about this, they're violating authorised FCA guidelines.
- Should you answer the door, ask for ID and a business card with all the company's information.
- How you interact from this point is up to you. You can speak with the agent and even come to an arrangement. The agent may offer to take a payment on the spot. If you comply, call the company first, confirm their identity, and get a receipt.
- You also have the option of telling them to go away. You don't even have to open the door unless the agent's accompanied by a court officer.
You can call or write Cabot Financial, or have DoNotPay write a demand letter, requesting no one from the agency sets foot at your door again.
Has Cabot Financial Violated My Rights?
Cabot Financial pushes the envelope. And most consumers aren't aware of their rights to know where the line is.
Legally, collection agents are not to use intimidation, pressure, or aggression, and certainly no threats to coerce payment. We've never seen the language or gotten one of their calls. Still, enough people have made the claims. Yet, there don't appear to be any formal reports about the behaviour.
Alternative Ways to Resolve Customer Service Complaints
Here are guidelines suggested by the Financial Ombudsman Service for resolving a dispute with Cabot Financial when all else fails.
- Talk to Cabot Financial.
- If still unsatisfied, bring the complaint to the Ombudsman service.
- If the complaint meets their qualifications, the Ombudsman will investigate.
- The Ombudsman will decide if the complaint has merit. If they agree with you, the agency will tell Cabot Financial to put things right.
- If the disagreement persists, the Ombudsman will step in and use their power to make legally binding decisions. You also have the option of going to court.
How Long Can Debt Collectors Try to Collect Debt From Me?
The U.K. gives collectors six years to collect a debt.
How to Make a Payment to Cabot Financial
Cabot Financial has a range of methods for making payments. You can use a card, pay on their website, set up automatic withdrawals from a checking account, or send a monthly cheque. What will be important is that once the plan is in motion, you pay on time.
How to Get Debt Payment Assistance
The government understands getting out from under isn't easy. They offer several programs for getting debt assistance, including Debt Respite Schemes, Debt Relief Orders, and more.
Get Debt Help With DoNotPay!
DoNotPay has the tools for filing a complaint if your debt collector isn't compliant with industry laws.
After answering some questions in a few clicks, we offer courses of action to take. With the info, we'll craft a demand letter and deliver it on your behalf. If you want to take the next step and report the collection agency, we'll file the complaint on your behalf.
- Search “debt collection” on DoNotPay.
- Answer a series of questions about the debt collectors, including when you were contacted and how you were contacted, so we can determine if they have violated any debt collection laws.
- Decide which course of action you want to take based on our guidance, such as filing a debt verification request, demanding for the collectors to stop contacting you, or reporting them to a professional trade association.
And that's it! Once you choose the course of action you want to take, DoNotPay will handle the rest. We'll deliver your request directly to the debt collectors via first-class mail, or file your complaint automatically with the relevant trade association or ombudsman.
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What Else Can DoNotPay Do?
DoNotPay is the resource for solving bureaucratic problems.
We're skilled at:
- Helping you file any type of complaint
- Getting creditors to increase your credit limit
- Cancelling unwanted or unforgotten subscriptions
- Helping if you're behind on bills
- Getting those bills paid online
- Helping you find risk-free trials
- Get your hands on missing money
- Filing a small claims court petition on your behalf