Why am I here?
We’ve been trying to get in touch with about your account with Cabot.
As we’ve not heard from you, we’re now considering legal action which could lead to a County Court Judgment (CCJ), or a Sheriff Court Decree (SCD) if you're from Scotland. This can be reported on your credit file for up to 6 years.
We really want to help you get back on track and avoid legal action but if we don’t hear from you, this is the route we will have to take. Before this instance though, we have plenty of solutions that can help you manage your Cabot account.
Whatever your situation, we want to understand it to help you manage your account to avoid legal action.
As always, we’re here for you and would love to help.
How did I get here?
Your future is in your hands
What happens if I continue to ignore Cabot?
Ignoring us is the worst thing you can do in this situation. By ignoring us, you put yourself in danger of ending up with a CCJ or a SCD that will badly affect your credit rating for up to six years. You can avoid this by talking to us and letting us know about your situation or by starting to manage and pay towards your account online.
Before applying to the court, we will send you a Letter Before Claim, letting you know how much you owe, and the legal action that will be taken if you don’t pay.
At this stage, we still have options to avoid a CCJ/SCD. All you need to do is tell us about your current circumstances and we can help find you a solution that’s right for you.
Whatever you choose, act quickly. You must respond to the letter within 30 days.
If you ignore the letter or miss the deadline, the court could still issue a ‘default judgment’, but you won’t get the opportunity to put your case to the court or have the chance to explain your financial circumstances. Also, the CCJ/SCD may order you to pay back all of the money at once.
Even after receiving a CCJ/SCD, it’s important to stick to the terms and pay what you owe. If you don’t, the creditor can ask the courts to further enforce the debt which can lead to paying more fees.
How will it affect you?
"I'd never heard of Cabot before I got into debt."
As a single parent, Emma was keen to get back into work, but the realisation soon dawned that her debts were getting out of control...