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01903919814 – Who Called? Stop Cabot Financial Debt Collection

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Scott
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Scott Nelson

Managing Director

MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.

Learn more about Scott
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Janine
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Janine Marsh

Financial Expert

Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.

Learn more about Janine
· Jan 30th, 2024
Could you legally write off some debt? Answer below to get started.

Total amount of debt?

This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

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01903919814 - Who Called

For free & impartial money advice you can visit MoneyHelper. We work with The Debt Advice Service who provide information about your options. This isn’t a full fact-find, some debt solutions may not be suitable in all circumstances, ongoing fees might apply & your credit rating may be affected.

Have you just received a call from 01903919814? You’re not alone! Every month, more than 170,000 people visit our website seeking advice on debt problems.

In this easy-to-understand guide, we’ll address the following questions:

  • Who called you from 01903919814?
  • Why are you being called by 01903919814?
  • Should you ignore 01903919814?
  • How to contact Cabot Financial Debt Collectors?

Research shows that 64% of UK adults find interactions with current debt collectors stressful1. So, we truly understand how you feel.

Some of us have been there too. With our experience, we’ll help you figure things out. Let’s dive in!

Could you legally write off some debt?

There are several debt solutions in the UK, choosing the right one for you could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out.

Answer below to get started.

How much debt do you have?

This isn’t a full fact find. MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

Who Called Me from 01903919814?

🛑 The company who called you from 01903919814 is Cabot Financial Debt Collectors. The majority of Cabot Financial’s debt collection is made up of large UK-based utility and lending companies

Why am I being called by 01903919814?

Cabot Financial could call you from several numbers. They are likely to be calling from 01903919814 for the following reasons:

  • To collect payment – The primary focus of a follow-up call is for them to clearly outline your debt total and request that you pay its entirety by card payment over the phone. If you cannot pay the outstanding balance in full then often they will ask that you pay monthly instalments2 until the debt is cleared.
  • To get more information – The average unsecured debt amount has increased by 27% year-on-year (to £16,174)3. So, it’s common for people to struggle with debt. If that’s your case, and you are unable to pay the debt completely, the next priority for Cabot Financial is to request more information from you. This information will mainly consist of the reasons you are unable to pay, including the details of your income and living expenses, alongside any details that may help them recover the debt in the future.
  • To intimidate you – When the letter sent by Cabot Financial fails to get you to pay, they will use a phone call to heap more pressure on you. They will often do this by exaggerating the timeline of what might happen if you continue to ignore your debt by threatening to visit you at home and take you to court 4 to settle the debt – both can be very traumatising.

Typical Debt Collection Process

As mentioned above, Cabot Financial will send letters or call to request payment. This is part of the first stage of the debt collection process.

If you fail to contact them or pay your debt, the actions involved in the debt collector timeline may escalate.

To prevent any unwanted situations, it’s crucial to understand the key stages of this process. That’s why I’ve put together this quick table. If you want to learn more, please read our complete guide.

Stage Actions What you should do:
Missing one or two small payments Calls and letters from the debt collector asking for payment. They may enquire about reasons for missing payments. Contact the debt collector and offer to pay what you can. If you are struggling to pay the debt, get in touch with us to explore your options.
Missing large or multiple payments Their contact will become more frequent, urgent, and threatening. Contact the debt collection agency and offer to pay what you can. You may also make a complaint if you think the letters are a form of harassment.
Debt collector visit After a few months, if the debt is significant (£200+) you will receive notice of a debt collector visit. They have to notify you before arriving. Debt collectors cannot take anything from your home – they may only ask for payment. If a debt collector shows up at your home, ask them to show proof of the debt and their ID through a window. Do not open your door or let them in. You can arrange a payment plan with the debt collector, but make sure to get a receipt of this.
Court If you still do not pay your debts to the original lender/debt collector agency, they will take you to court and either attempt to:
– File a CCJ against you.
– File an attachment of earnings order.
– File a lawsuit against you.
You must show up to your court date. From here, you can either dispute the debt, or the judge will likely suggest a manageable repayment plan for you.

Remember, the easiest way to stop Cabot Financial from calling you is by talking to them and offering to pay what you can.

How a debt solution could help

Some debt solutions can:

  1. Stop nasty calls from creditors
  2. Freeze interest and charges
  3. Reduce your monthly payments

A few debt solutions can even result in writing off some of your debt.

Here’s an example:


Situation

Monthly income £2,504
Monthly expenses £2,345
Total debt £32,049

Monthly debt repayments

Before £587
After £158

£429 reduction in monthly payments

If you want to learn what debt solutions are available to you, click the button below to get started.

Get Started

Should you ignore 01903919814?

I always recommend responding to debt collectors – even just to question the debt’s validity. Remember, you have the right to request proof of the debt. They have to prove it, or they can’t charge you.

You can watch this video to learn what the law allows debt collectors to do and what you can do to avoid exploitation by Cabot Financial:

» TAKE ACTION NOW: Fill out the short debt form

Cabot Financial Debt Collection Contact Details

Address: 1 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4UA
Phone: 0344 556 0263Monday – Friday   8:00am – 8:00pmSaturday   9.00am – 1.30pm
Website: https://www.cabotfinancial.co.uk/ 
Could you legally write off some debt?

Answer below to get started.

How much debt do you have?

This isn’t a full fact find, MoneyNerd doesn’t give advice. We work with The Debt Advice Service who provide information about your options.

References

  1. Indebted Debt Collection Survey
  2. Citizens Advice: Making a plan to pay your debts
  3. StepChange Personal Debt Statistics in Scotland 2022
  4. StepChange: Dealing with debts sold to collection agencies 
The authors
Scott Nelson Profile Picture
Author
MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.
Janine Marsh Profile Picture
Financial Expert
Janine Marsh is an award-winning presenter and a valuable member of the MoneyNerd team. With a wealth of experience as a financial expert, she's been featured on BBC Radio 4, BBC Local Radio, and BBC Five Live, and is a regular on Co-op Radio.