cabot financial letter

Discussion in 'Banking, credit cards, etc' started by oscarwild13, Apr 27, 2015.

  1. MisterMarkie

    MisterMarkie Frequent Poster

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    Data protection request letter sent to Cabot. Let's see what they have or if they request the €6.35 fee.

    District court notice to defend stamped by court officer and sent to Belgard Solicitors.

    I'll update the thread with any progress.
     
  2. cremeegg

    cremeegg Frequent Poster

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    1,802
    Hi Mistermarkie,

    I'm very interested in your case with Cabot. We dont often hear from people who have actually gone all the way with them. It s pity your posts are buried down here in someone elses thread. I for one would be glad if you started a new thread outlining your situation and how you have been getting on with Cabot. i am especially looking forward to hearing about the happenings in court. Thanks.
     
  3. corruptbankster

    corruptbankster New Member

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    Thanks for update - look forward to hearing.
     
  4. MisterMarkie

    MisterMarkie Frequent Poster

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    €6.35 fee requested. I've sent this to Cabot now along with the request.
     
  5. Antamon

    Antamon New Member

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    is there anybody out there? I tried and tried in every way possible to engage with PTSB, filled out every form (seven SFS forms)and answered every call but found that this bank had no real motivation to come to any resolution, I even sent them solicitors letters saying that we wanted and always wanted to engage in meaningful conversation (preferably with one person rather than 30 odd).... to make a long story short myself and my wife's last SFS led them to pass on our account to Belgard Solicitors to commence repossession proceedings against us. When I rang the bank I got speaking to a nice lady in litigation who informed me that the bank had actually requested more info but had not informed us and that it was a mistake. I explained to her that grown men retire to their garden sheds with ropes after such mistakes. My faith in the MARP was shattered and they took me to court anyway. I'll be up soon again for the 4th time and am putting up a good fight. My lovely wife is taking it very hard. After a Data request from PTSB I noticed the blanked out entries on the screen shots 2 of which I found under blacklight to be invoices to Cabot. If I have the invoice numbers are Cabot obliged under data protection request to clarify what these invoices are for? I had never heard of them until now but they are within a stones throw from Belgard (who have put invoices on my Account statement for their great service at my expense)
    please let me know what you think or suspect. We weep to have that which we fear to lose.
     
  6. MisterMarkie

    MisterMarkie Frequent Poster

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    Data from Cabot received. Is there a time limit from when I filed my appearance and defence notice and sent it to Belgard Solicitors for them to follow through on a court date?
     
  7. petitverdot

    petitverdot Registered User

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    Did they have all the data and was the information in it correct?
     
  8. corruptbankster

    corruptbankster New Member

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    Thanks for update. I would suspect that this might be simply another tactic to put fear into debtors, I will check this out for you and see what can find tomorrow on time limit. My suspicions are that there will be no court case as they prey on the weak.
     
  9. Gerry Canning

    Gerry Canning Frequent Poster

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    2,514
    Antamon,

    On Ask About Money there is plenty of advice on how to handle your type of situation.
    You say you are up for the 4th time ?
    If you have documentation that can show you have reasonably engaged with PTSB and are making realistic moves , no judge will find against you.

    One thing is ,do not engage in phone calls, keep it solely in writing and keep copies .

    All the Cabot thing is , is that PTSB have farmed collecting funds for PTSB to Cabot.

    I can,t overstress = keep copies = don,t engage on the phone.

    Get your own head around the financial predicament you are in , see can you in some way manage a way out , and if you can manage a way out , fight for that .
     
  10. Debtfree

    Debtfree New Member

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    5
    Last edited: Apr 15, 2017
    Antamon hi there you have my empathy and support for the terribly wrong situation you and your family are going through.debt is the new illness sweeping our country fuelled by supposedly professional regulated banks stamping roughshod over consumers who in good faith supported a booming banking system and robust economy until the banks that we depended on for financial professional advice overexerted themselves and then came the crash... the SFS I believe is only a 'tick box exercise 'by banks forced on them by the government- a process they must go through before they proceed to foreclosure. My background is financial regulation and Under the MARP process the bank must confirm to you in writing the result of their review following your SFS including details of their appeal procedure. Note that Belgard solicitors are acting on behalf of the PTSB bank but if Cabot are involved or mentioned they are unregulated/transitional per central bank register so PTSB I think have contravened consumer protection code by transferring your details to Cabot asPTSB are supposed to. Itify yiu in writing and then Cabot should seek your consent( see regulators code on conduct on credit servicing firms) . I think you will find PTSB have not been compliant so you think about writing to them saying you are going to the ombudsman on grounds of no appeal to your MARP and the transfer of your personal data to unregulated Cabot. I think you will find that they will move fast to rectify things. Well done on your challenge so far and your assertive actions on data protection and I hope you get the resolution you and your family so deserve. No family in Ireland deserves to go through this. We need to stand up to corporate greed and unbecoming unprofessional and non compliant corporate behaviour from banks and you need our full support . Nobody should feel shame or guilt for finding themselves in this terrible situation. All mortgagors should be treated with dignity and respect by their banks and should settle for no less.
     
    Last edited: Apr 15, 2017
  11. corruptbankster

    corruptbankster New Member

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    Another letter from them - threatens agent calling to door and judgement mortgage @ 8% p.a interest. I have understand that this was reduced to 2% per annum
    But they continue to threaten at the higher amount and have ignored my correspondence and offer.
    Some outfit.
     
  12. Debtfree

    Debtfree New Member

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    There are ways to stop these letters and harassing phone calls happy to help if you want me to
     
  13. corruptbankster

    corruptbankster New Member

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    Settled a BOI card being handled through Ivor Fitz for low 30% number of final balance, full and final agreement, known as short settlement.

    For anyone being harassed and being told 85% settlement is best they will do, stick to your repayment plan as per your means or if you can afford to raise a number in this region of full balance, they will deal, despite the months of wrangling and declining the offer.
     
  14. mickeyg

    mickeyg Frequent Poster

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    304
    Thanks for that!
    I offered IvorFitz approx. 23% but it was declined. Do you think 30% might be accepted?? How did you go about that - did you continually send them the offer and eventually they agreed??
     
  15. corruptbankster

    corruptbankster New Member

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    Hi Mickey, it was end game for them and they knew it, no income and aside from judgement mortgage on a major neg equity mortgage they were looking at getting next to nothing for who knows how many years. This talk of property bubble is laughable for people in the west and most country areas, 10 years after buying badly built semi d and still in 30 or 40% negative equity if could actually sell it.

    Of course they turned down first 3 offers offer, like yours, I went in very similar to your % offer id say on my 3rd run at it. The final offer was pretty much take it or leave it and I am happy to see it in court to explain to judge. They accepted and glad to see back of it. I have no doubt they would have gone to court for judgement mortgage or kept me paying nominal token amounts until things might improve, it was only token payments for near 3 years and when they passed it to Ivors, they whacked court fees on it almost immediately.

    Thats despite me being on agreed reduced payments with BOI direct, they pushed it out to the debt sharks at Ivors. Basically wiped out all the payments i'd made for 3 years - made no sense.

    Glad to see back of it, keep the offer low and go the distance, if you cannot afford it and can prove it, nothing to lose.

    Has anyone settled with Cabot that can share details?