What Does Cabot Financial Do?
Part of Cabot Credit Management Group, Cabot Financial is a large debt collection agency
Established in 1998, Cabot Financial is a large firm of debt collectors working with HMRC, the DVLA and large blue-chip companies. Also known as Cabot Finance, they are a debt purchase company working in debt recovery as bailiffs on behalf of large British utility and lending companies such as Scottish Power, Npower and First Utility. They are regulated by the Financial Conduct Authority and follow the Credit Services Code of Practice. They are also registered with the Lending Standard’s Board. Usually, if you are not able to pay these debts with 7 days then this company or a court will employ Cabot Financial as bailiffs to recover the money from you. They will come to your house or business and discuss payment options with you. Whilst it is not preferable, they can seize your property under certain circumstances.
Can Cabot Financial Send Bailiffs to My House?
In some of cases, if court action has been taken and your debts are still due then the courts may appoint bailiffs to recover property and assets to the value of the debt.
Can Cabot Financial Break Into My House?
The chance of Cabot being able to enter your property is quite rare. They can only do this if a Liability Order has been issued against you by a Magistrate on behalf of the local authority. If you are a business then there would need to be an unpaid fine from a Magistrate, County Court or High Court.
It is the law that enforcement agencies are only able to enter a property if they have been inside the property before. They are then able to use what is known as ‘reasonable force’ to re-enter. This could involve Cabot Finance using a Locksmith to help them gain entry. They can only try and gain entry during the hours of 6 am and 9 pm.
What Can Cabot Financial Bailiffs Take?
There are restrictions on what a bailiff can remove from for your property. If you have given them entry, or they have gained entry by other means then they can remove what is known as ‘Walking Possessions’. These are those which are subject to ‘Taking Control of Goods Regulations’. Cabot will make an inventory of any of these possessions in your home and estimate the current value. You can then enter into a ‘Controlled Goods Agreement’ with them which will give you time to pay the outstanding debt.
If you fail to pay them then they can return to your property and remove items. There are certain items which Cabot debt collectors cannot take. These include essential items such as bedding, refrigerators, medical equipment, cookers and other items.
Cabot Financial Contact Information
The company has offices around the UK
Telephone: 0344 556 0263
1 Kings Hill Ave,
Monday – Friday: 8am – 9pm