03445560216 – Who Called? Stop Cabot Financial Debt

Have you received a call from the number 03445560216? This number belongs to Cabot Financial, a debt collection company.

I know this can be concerning, but you’re not alone. Each month, more than 170,000 people come to our website for help with debt issues.

In this article, we’ll help you understand:

•  Who is calling you from 03445560216?
•  Why were you called by 03445560216?
•  How to stop Cabot Financial from calling you?
•  Can you write off some Cabot Financial debt?

We know how it feels to get calls from debt collectors like Cabot Financial, as research shows that 64% of people in the UK find dealing with them stressful¹.

Don’t worry; we’re here to provide helpful advice.

Reasons why you were called by 03445560216

We have a more in-depth guide to Cabot Financial which you can find here.

Cabot Financial could call you from several numbers. The main reasons they call people from 03445560216 are: 

1. To collect payment – at this point, either your original creditor or Cabot Financial (or both) will have sent you at least one letter letting you know that your debt has been purchased by or passed onto a debt collector.
   
   Debt collection agencies buy billions of debt annually at rock bottom prices – at an average of 10p to £1², so the primary reason Cabot Financial is calling you is for them to request payment, ideally by card payment over the phone, by bank transfer or to arrange that you send them a cheque in the post.
   
   If you state that you cannot afford to pay the debt in one lump sum then they will either allow you to negotiate a lower, more affordable payment or more often they will suggest that you set up ongoing monthly instalments.
   
   
2. To get more information – following your inability or unwillingness to pay in a lump sum or in monthly instalments, the second priority for Cabot is to gather additional information about your circumstance.
   
   This information will mostly include the reasons you cannot pay, your monthly budget made up of your income and living expenses, as well as anything else that may aid them in retrieving the value of the debt.
   
   
3. To intimidate you – Letters addressed to you but with automated language clearly sent out in bulk is no longer uncommon in today’s society, and debt collectors understand that debtors find this increasingly easy to ignore.
   
   However, phone calls are more direct and are, for the most part conducted by an actual human being and are, therefore, harder to ignore. Debt collectors like Cabot use this to their advantage and try to pressure you into paying, which you wouldn’t have done in response to a letter.
   
   They might also further intimidate you by threatening that they will come to your home or worse, they will take you to court by prosecuting you with a CCJ.
   
   Despite there being a good chance this will happen further down the line if you continue to ignore them, this is just a tactic used to speed up the timeline and get you to pay sooner.

Should you ignore 03445560216?

We always recommend responding to debt collectors – even just to question the debt’s validity. 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’s allowed as per the law and what you can do to avoid exploitation by these debt collectors: 

» TAKE ACTION NOW: Fill out the short debt form

How to Stop Cabot Financial Debt Collectors? 

We’ve written a comprehensive guide about what to do when Lowell Group contact you and ways that you can stop them in the article linked below:

Cabot Financial Debt Collectors – How to Stop Them

Cabot Financial Debt Collection Contact Details:

References

1. InDebted, Debt Collectors Survey
2. Jubilee Debt, A Fresh Start After Covid-19