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03445560225- Who Called? Stop Cabot Financial Debt

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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
&
Janine
Janine Marsh Profile Picture

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
· Mar 1st, 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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03445560225 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.

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.

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 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.

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 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.

Debt Collectors Can But They Can’t
Contact you by phone or mail. Call you after 9pm or before 8am.
Conduct home visits (on rare occasions) and knock on your door. Forbily enter your home, or stay if you ask them to leave.
Threaten to take you to court by suing you for payment on a debt. Harrass you, including threats of violence, repeated calls and visits, or abusive language.
Negotiate a debt settlement. Tip: make sure to get this new arrangement in writing. Visit your workplace.
Access your bank account, but only after a court judgment has been made. Take anything from your home or threaten to do so.
Sell your debt. Speak to other people about your debt without your permission.
Contact you frequently. Keep doing so if you request that they reduce communications.

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 Collector 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.