Want to STOP the stress of debt?

If you are sick and tired of the phonecalls, the threatening letters, or perhaps you are just struggling to maintain your regular payments, DebtBuffer can help make all this hassle STOP.

You simply need to know what your real options are & whether you can write off some, or all of your debts. It’s up to you to take charge, not the debt collectors!

Are you ready?

Show me my debt options

Cabot Financial Credit Management Debt Collectors

Cabot Financial collect debts owed to individuals, businesses and organisations. When you owe money to an organisation or individual, they are your creditor. The person or business you owe money to may not contact you directly, they may pass or sell your debt onto debt collection agencies, such as Cabot Financial Debt Collectors.

Who are Cabot Financial Debt Collectors?

When you owe money to an organisation or individual, they are your creditor. If you don’t pay the money you owe, they are permitted to request the money back and continue to ask, within reason, until it is repaid. The person or business you owe money to may not contact you directly, they may pass or sell your debt onto debt collection agencies, such as Cabot Financial Debt Collectors.

Have you received a letter or text message from Cabot Financial?

You may have received a letter or text from Cabot Financial and feel that you are being chased for a debt you do not owe. Remember, you will never have borrowed money or received a service from Cabot Financial, the organisation chases debt from other providers. It is the responsibility of Cabot Financial to prove that you owe the money. It is not unusual for them to send letters to several people with the same name in the hope that someone will pay. You can use credit agency sites such as Experian to find any unpaid debts should you be unsure. You can then send them a ‘prove it’ letter to confirm the debt is yours.

Can I ignore Cabot Financial?

No, ignoring the situation will not make the debt go away and leaving letters unopened or not taking telephone calls could risk both your credit rating and further action taken from Cabot Financial. You are entitled to take professional debt advice and you are entitled to reasonable time to consider your options.

What can Cabot Financial do?

Cabot Financial must follow the strict debt collection guidance set out by the Financial Conduct Authority. They can contact you regarding your debt and chase for repayments. You are permitted to request that they contact you via a particular method or at certain times, within reason i.e.only via email. They are not permitted to:

  • • Harass you
  • • Call at unreasonable times or at your place of work if you have asked them not to
  • • Discuss your debt with family members or employer
  • • Take unauthorised payments
  • • Refuse appropriate time to consider debt management options
  • • Ask you to borrow more money to pay off this debt
  • • Use confusing legal or technical language
  • • Demand payment after a debt is ‘statute barred’
  • • Threaten unlikely legal action
  • • Send letters that look like court documents or falsely claim to have legal powers they don’t have

Cabot Financial is permitted to send debt collectors to your home with prior notice if you do not make payment.

Are Cabot Financial Debt Collectors legitimate?

Yes, Cabot Financial collect debts owed to individuals, businesses and organisations.

What does Cabot Financial Debt Collection process look like?

Cabot Financial, like other debt collecting agencies, typically send a range of standard, system-driven letters. They will begin by insisting you contact them by phone to arrange payment, then by writing to you with a planned visit to your home. Further letters will offer an out-of-court settlement, followed by threats to take you to court to obtain a county court judgment or make you bankrupt.

They may also contact you by telephone. They will be persistent but will not leave a voicemail.

How Debt Buffer Helps

Debt Harm

We help you realise & address the harm bad debt does to your mental & physical health

GO
Deft Letter

We help you gain extra time to arrange your finances and also handle debt collectors or bailiffs through our letter creation service.

GO
Deft Easy

We help you understand your options based on your circumstances and the information you tell us. No BS.

GO

Will Cabot Financial send bailiffs?

Cabot Financial is permitted to send debt collectors to your home with prior notice if you do not make payment. They are not and cannot claim to be bailiffs. They are not entitled to enter your home or remove goods. To send bailiffs Cabot Financial must first take you to court.

Can Cabot Financial sell my home?

Cabot Financial mainly chase unsecured debt which means the debt is not set against an asset, such as your home. For them to secure the debt against your home, they have to first successfully obtain a CCJ against you and a Charging Order.

Can I prevent Cabot Financial from contacting me?

Cabot Financial may be legally obligated by the organisation for whom they are collecting to contact you. You are permitted to tell them how you would prefer to be contacted, for example, only in writing or via email, rather than taking telephone calls. In line with the code of conduct, they should respect your preference.

How do I write off my Cabot Financial debt?

You may be able to legally write off Cabot Financial debts. In England, this involves an Individual Voluntary Arrangement (IVA) which consolidates all your unsecured debt into one affordable monthly repayment over a set term. After that term, the debt is written off. In Scotland a similar scheme is a protected trust deed. Please seek professional debt advice to discuss your options.

How do I make a complaint about Cabot Financial Debt Collectors?

If you have cause for concern about the actions of a debt collection agency, you can complain to the Financial Ombudsman and the Credit Services Association.

Why are Cabot Financial calling me?

If Cabot Financial is calling you, they may already have contacted you by post. They will be contacting you on behalf of another organisation regarding an unpaid debt. It is important to check that the debt is yours before proceeding. See above for further details.

Who do Cabot Financial collect for?

They collect debts for businesses, organisations and individuals, such as HMRC, DVLA and NPower.

Does Cabot Financial buy debts?

Cabot Financial collect on the behalf of your original creditor but they also buy debt ‘bundles’ which makes them the owner of your debt.

Do Cabot Financial take you to court?

Cabot Financial can take you to court to obtain a CCJ or charging order.

Explore Debtbuffer for further useful information, it may also be advisable to seek professional debt advice. Debtbuffer offers a letter writing services which helps buy time from creditors. Or use our AI Chatbot to find if there is a possible debt management solution. Debtbuffer aims to help you take back control of your money and your life.

Frequently Asked Questions about needing Debt Help

What is the best way of dealing with my debts?

If you are struggling with debts that are impacting you or your families quality of life then simply put, its time to put yourself first and make some clinical and calculated financial decisions. If you are being chased by collections agencies or have bailiffs banging on the front door, its a terribly stressful situation and no way to live. Our simple advice to anyone in this situation is seek the route that most easily takes away the stresses of being chased for debts and allows you to enjoy more of your income. Our priority is helping you find a solution that creates a buffer between you and your debts.

What is an IVA?

Depending on your circumstances you might be eligible to take out a Government approved scheme for reducing your monthly debt payments and writing off up to 90% of your debts at the end of the scheme. Your creditors have to agree and you must have more than £6000 of debt and enough income to be able to meet your new agreed payment. Read our guide to IVA’s for more details

Is an IVA worth it?

That’s going to depend on your individual circumstances and whether or not the various pro’s and con’s of an IVA are worth it for you. For most people who simply cannot carry on with debt that has become unmanageable, being able to reduce payments down to an agreed fixed amount that you can certainly afford, and at the end of the fixed period having the bulk of your debts written off is certainly worth it. However, careful consideration needs to be given to other solutions such as Bankruptcy, Debt Management Plans or Debt consolidation loans or mortgages. Everyone is different so you must put yourself and your needs first.

How does an IVA work?

An Individual Voluntary Arrangement, or IVA, is a formal, legally binding debt solution, which is a form of insolvency. It must be administered by a licensed Insolvency Practitioner. As an alternative to becoming Bankrupt, It allows you to potentially write-off up to 90% of your existing debts, based on what you can reasonably afford to repay. The exact amount will vary depending on your personal circumstances, and who you choose to arrange your IVA.
An IVA commits you to monthly repayments over 5 or 6 years, which are distributed among your creditors. Any debts remaining after this period will then be written off. The payments will take into account your monthly income to ensure that the IVA is realistic and affordable.

WHY PAY MORE?

26 years & 8 months, that’s how long it will take someone to pay off the average UK credit card debt, just on minimum payments.

If you are drowning in debt and are being forced to choose debt payments over food, clothes or rent, it’s time to take back control of your life and your money.

Put yourself first, get back in control of your finances.

Choose DebtBuffer, Choose life.

Are you ready?

Show me my debt options