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03445560216 – Who Called? Stop Cabot Financial Debt

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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.

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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 29th, 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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03445560216 calling

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 received a call from the number 03445560216? This number belongs to Cabot Financial, a debt collection company. You may be confused about where this debt has come from, wondering if you should pay it, or even worried about whether you can afford to pay.

If this is why you’re here, don’t worry, you’re not alone. Each month, more than 170,000 people come to our website for help with debt issues, just like this one.

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?
  •  What to do if you are struggling with too much debt?

We have a team of experts who have been through similar experiences. They know how it feels to get calls from debt collectors like Cabot Financial, as research shows 64% of UK adults find interactions with current debt collectors stressful1. So, we’ll provide helpful advice on how to deal with this situation. 

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.

Reasons why you were called by 03445560216

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?

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

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.

How to Stop Cabot Financial Debt Collectors? 

I’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

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

Cabot Financial Debt Collection Contact Details:

Address: 1 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4UA
Phone: 0344 556 0263
Monday – Friday   8:00am – 8:00pm
Saturday   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 Collectors Survey
  2. Jubilee Debt, A Fresh Start After Covid-19
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
Debt 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.