Working alongside Cabot, the CSA is a trade body representing the debt collection industry. Together we encourage communication from people suffering in debt. Watch the #heretohelp video to find out more...
At Cabot Financial, it's our mission to assist each and every customer to debt free living. We help thousands of customers take their first step in managing their accounts - which can sometimes work towards supporting their financial health and recovery.
Here at Cabot we follow the Credit Service Association's Code of Practice. This ensures that the interests of our customers and clients remain at the heart of our business. Registered with the Lending Standards Board, we are committed to complying with the Standards of Lending Practice.
Authorised by the Financial Conduct Authority (FCA), we operate to the highest regulatory standards and take pride in the way we engage with our customers.
We understand that debt is an emotive subject, and understandably it can be really difficult for people to talk about - which is why we have sponsored the CSA's new campaign #heretohelp.
The #heretohelp campaign
The CSA have launched #heretohelp - to help support people who are in financial distress.
We know how hard it can be for people to take their first step in debt recovery. According to a poll conducted by money.co.uk, more than half of the UK adult population (almost 27 million) headed into 2020 in debt, with almost 5 million owing over £10k in credit and loans.
Research conducted by the CSA in 2013 and 2019 shows that although the image of the debt collection industry has improved, many people feel reluctant to engage or communicate with the industry.
In the UK, almost 30% of people in debt admit to waiting very lengthy periods of time (sometimes 3 or 4 years) before contacting anyone for advice, including family members or close friends.
The video for the #heretohelp campaign is fronted by Brad Burton, one of the UK's top motivational speakers. Brad was in £25,000 worth of debt himself and hopes to reach out support to those who don't know where to turn.
Alongside this video, the #heretohelp campaign is accessible through the CSA's Facebook and Twitter pages, as well as a guidance web page - built to answer any questions that people may have about the campaign or personal debt.
Get in touch with us
If we have contacted you, and you're worried about talking to us, remember that we're here to help you to financial recovery and that we'll never ask you to pay more than you can afford. We could help you with your credit score.
Find out more about how flexible we can be, by getting in touch today. We can create a payment plan that will work best for you.
"Cabot was a breath of fresh air for me"
Waliul was in "major financial difficulties" and found Cabot to be a breath of fresh air in helping him manage his account and become free of debt.
3 minute read