The Ultimate Guide to Cabot Financial

Have you had a threatening call, email, or letter from ‘Cabot Financial Debt Collectors’? Do you feel under pressure about repaying your debt? Well, continue reading to know exactly what to do when you’re being hassled to pay Cabot Debt Collectors.

This ultimate guide is jam-packed with everything you need to know and do about your current financial situation.

Soon enough, you will be back on your feet after pursuing your money recovery plan.

Speaking to one of our debt advisors can help you to write off up to 85% of your debts.

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Who are Cabot Debt Collectors?

Cabot Financial Debt Collectors are a debt collecting agency that covers other companies’ debts, helping over 2 million customers manage their debts. They chase up and buy debts to recover and keep. Their company began in 1998, making them one of the older debt collecting companies.

Cabot Debt Collectors offices are based all over the UK, with their headquarters in Kings Hill, Kent.

What does Cabot do?

Cabot Debt Collectors not only chase up debts, but they also buy the remaining balances of loans and other debts that you could have.

They will purchase your debts for small figures such as 10% of its whole value, then chase you up for the whole price to ensure they gain profit.

Who does Cabot work for?

Cabot work for many big named brands chasing up debts that customers, such as you, might owe.

These well-known brands are:

  • DVLA
  • First Utility
  • Scottish Power
  • NPower

There are also some smaller lesser-known companies that Cabot collects for.

Is Cabot a legitimate company authorised and regulated in the UK?

Yes! Cabot Debt Collectors are officially legit.

Take a look at some of Cabot’s amazing credentials to assure their legitimate:

  • Authorised by the Financial Conduct Authority (FCA)
  • They are members of the Credit Services Association (CSA)
  • They are dedicated to treating their customers in an ethical and fair way.

Despite showing their legitimacy, it is always advised that you wait before you give them any payment so that you know exactly what you are paying into- this guide can help you to understand further!

Why are Cabot Credit Debt Collectors contacting me?

There is every possibility that you are unsure why a third party is contacting you about a debt you have with another company- It’s frustrating, for sure.

Chances are, you owe money to one of their clients or they have bought your debt and now you owe them money.

What will happen if they do contact me?

  • To begin with, you will be sent a letter to request for you to pay, sort out a way of payment or they will start to take legal action.
  • After you ask for proof- cross your fingers that they don’t ever contact you again.
  • If they do contact you- don’t ignore them, you could end up in court. Making an agreement with Cabot will save you from this!
  • Then, you can make a repayment plan… however, debt collection companies are often known for not having the cheapest resolutions.

Talking to a debt advisor, debt charities, or debt management companies could definitely help you downsize the amount of money owed.

What should I do if Cabot is contacting me?

Always keep your email or letter! This could be useful if your debt is taken into court.

The best thing to do is contact them back. Begin by requesting proof of your debt.

If they can not provide you with proof of your debt- you won’t have to pay a penny!

Don’t ignore Cabot, you might think it’s simple to do and will have no consequences- you won’t be thinking this when you have been taken to court! Act quickly!

Can I get Cabot to stop contacting me?

If you feel like Cabot’s ways of contacting you is provoking you, you can contact them to inform them that you would only like to be contacted during certain days or hours, as well as if you would only like the be contacted via telephone or mail.

If Cabot goes against your request and continue to harass you with phone calls, you can make a complaint.

How do I contact Cabot Debt Collectors?

It is always advised that you contact Cabot back, or it could lead to situations where legal action occurs.

It is also super easy to contact Cabot and may prevent some outstanding anxiety when paying off your debts. The faster you pay off your debts, the less action they will try to take.

Contact information:

  • Phone 0344556026
  • Email [email protected]
  • Address 1 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4UA

How do I pay Cabot back?

Whether you want to pay in one go or pay your scheduled plan, a protected payment portal is accessible on Cabot Debt collectors website www.cabotfinancial.co.uk 

This payment portal also shows you how much debt you have paid off and lots of information about your debt.

However, if you feel more comfortable paying over the phone, that is completely okay!

As of right now, credit cards are not accepted as a way of paying. However, ensuring you have your reference number, you can pay via:

  • Bank transfer
  • Postal Order
  • Standing Order
  • Recurring payment
  • Direct debit

I can’t afford to pay off my debt, help!

Don’t worry, talking to Cabot about your current situation, being open and honest, could come in handy.

Cabot state that they are here to listen and understand your situation- meaning that they can offer you various ways to help to pay.

Making a settlement offer could be your answer.

If Cabot provides you with proof of your debt but you can not afford to pay, contact a debt charity. Debt charities are known to be amazing at advising you on what to do.

Free debt charities to turn to:

  • Step Change
  • National Debtline
  • Business Debtline
  • Citizens Advice Bureau
  • Debt Support Trust Management
  • The Debt Advice Foundation
  • Christians Against Poverty

List of Debt Collection Agencies UK

Here is a list of all the debt collectors in the UK.

Debt Collectors

Before speaking and dealing with a debt recovery company we strongly advise you speak to the debt advisor and take the debt quiz.

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