03445560225- Who Called? Stop Cabot Financial Debt

If the phone number 03445560225 seems strange to you, don’t worry. This number belongs to Cabot Financial, a debt collection company.

We know this can be concerning, but you’re not alone. Each month, over 170,000 people come to our website for help with debt problems.

In this article, we’ll:

•  Explain why Cabot Financial called.
•  Give you tips on how to deal with them.
•  Help you find ways to lessen or stop the debt.

Nearly half of people chased by debt collection agencies report experiencing harassment or aggression¹, and even our team knows what it feels like.

With our experience, we’ll help you find out how to deal with calls from 03445560225 and Cabot Financial.

Reasons why you were called by 03445560225

We have a more detailed article on Cabot Financial, which you can find here.

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

1. To collect payment – They’re trying to get you to pay the outstanding debt over the phone and close the account and ultimately make a profit without spending much time on it. If you cannot afford to pay the lump sum, then they will suggest that you set up ongoing monthly instalments ideally by direct debit.
   
   
2. To get more information – If you cannot pay straight away, and you don’t agree to make monthly payments, then Cabot will likely request more information, including a copy of your monthly budget showing your income and expenses. They might also like to know more about your living situation and ask about any valuable possessions you may own. This is their way of developing a strategy on how to go about getting money for the debt.
   
   
3. To intimidate you – By calling you from 03445560225, they can make the situation feel a lot more real, and they use that to add pressure in order to get you to pay. They may also threaten CCJs or home visits should they get the chance.

Research has shown that debt collection agencies buy billions of debt annually at rock bottom prices – at an average of 10p to £1!². This means that Cabot Financial will pursue your debt, which is why ignoring them isn’t an option.

Should you ignore 03445560225?

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 Put a Stop to Cabot Financial Debt Collectors? 

We’ve written a highly detailed guide about how to respond to Cabot Financial when they contact you in order to put a stop to their harassment in the article linked below:

Cabot Financial Debt Collectors – How to Stop Them

Know Your Rights

In order to stay protected and ensure you’re not being taken advantage of, it’s important that you know your rights and those of the debt collectors contacting you.

Please check out this article on the topic and take a quick look at the table below.

Cabot Financial Debt Collection Contact Details

References

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