You must make sure that you know whether or not the debt collecting
company bought the debt themselves (in the role of a debt purchaser)
or whether they are doing recovery work for a third party such as a
credit card company or a bank. If you are sent a letter of assignment,
which is required if the debt has actually been sold wholesale, then
you know the debt collections firm is the actual owner of the account
and will try to extort as much money out of you as he can. When dealing
with Cabot Financial debt collecting agency remember every penny the
collections firm gets is profit. So they will try to break you any way
Remember to always insist on handling these DPCs by letter. Never
give them your telephone number. The trouble is during the first call
they make they'll tell you that they are the credit card company or
bank and therefore make you more obliged to become complicit in what
they say. For them, your uncertainty is important, so they seek to create
as much uncertainty as possible: here is where Cabot Financial debt
collecting agency will have the best result. When they get hold of your
personal details they will use it to worry you, even to harass you.
You can use the law to prevent this but most people don't know what
to do and it is clear these DPCs use this to their own advantage. Public
organisations like the CCCS and the CAB are fantastic but often they
can be overstretched so sometimes such help is lacking in detail.
Lots of people have noticed with surprise that the debt companies
generally insist on talking to you on the phone. For some reason they
always choose to use the telephone rather than communicating in writing.
Isn't this a bit strange? Well the reason for this is that they wouldn't
want make threats on paper simply because they do not wish to perjure
themselves in black and white.
There are a few things you can do to make their task difficult with
the various tactics of Cabot Financial debt collecting agency. You can
block their telephone number using BT's Choose To Refuse service, or
you could record their phone calls, you can write to them telling them
not to visit you or any combination of these (all these template letters
can be freely downloaded from the website).