A man in debt on the phone to Cabot Financial debt recovery services

Cabot Financial

If you've received letters or calls from Cabot Financial, it's understandable to feel concerned about what this means and what might happen next.

NDH Financial specialises in personal insolvency, with a licensed Insolvency Practitioner working directly in-house. We know dealing with debt collectors like Cabot Financial can be, and we're here to help you understand your rights and explore solutions.

How NDH Financial can help

Been contacted by Cabot Financial debt collectors? We can help you understand your options and take the first step towards resolving your debt situation.

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Who are Cabot Financial?

Founded in 1998, Cabot Financial, part of Cabot Credit Management Group, is one of the UK’s largest debt purchasers and collection agencies.

Unlike some companies that collect debts on behalf of other organisations, Cabot Financial typically buys debts outright from original creditors at a reduced price, then attempts to recover the full amount from you.

When Cabot Financial purchases your debt, they become the legal owner of that account. This means you now owe the money to Cabot Financial rather than the original creditor, though the amount you owe usually stays the same unless additional charges have been added.

Like all debt collection companies operating in the UK, Cabot Financial is authorised by the Financial Conduct Authority (FCA), which sets strict rules about how they can contact you and discuss repayment. They are also members of the Credit Services Association (CSA), the trade body for debt collection agencies.

Who does Cabot Financial collect for?

Cabot Financial purchases unpaid debts from a wide range of creditors across the financial services sector. Once they’ve bought your debt, they own it completely and collect the money for themselves rather than on behalf of the original lender.

They typically purchase debts from:

The debts they purchase are usually unsecured, meaning they’re not tied to property or assets. This includes arrears on credit commitments like credit cards, personal loans, and overdrafts.

What powers do Cabot debt collectors have?

Cabot Financial are debt collectors, not bailiffs or enforcement agents. This is an important distinction because it means their powers are limited.

They are allowed to send letters and contact you by phone, email, or text to ask for payment. They can also discuss repayment options with you if you choose to engage with them.

They cannot:

  • Force entry into your home
  • Take your belongings
  • Visit your workplace to discuss the debt
  • Speak to family members, neighbours, or colleagues about your debt
  • Pretend to be bailiffs or claim court action has already started if it hasn’t
  • Use threatening or abusive language
  • Contact you at unreasonable hours (typically between 9pm and 8am)
  • Share your personal details with third parties
  • Use harassment tactics or behave in a way that could be considered harassment

What happens if Cabot Financial comes to my house?

If Cabot Financial visits your home, it can feel unsettling, but their powers are limited. They are not bailiffs and have no legal authority to enter your property.

You do not have to let them in, and you can speak to them through the door or ask them to leave. If you ask them to go, they must do so. They are not allowed to force entry, return repeatedly in a threatening way, or visit during unsociable hours.

However, visiting in person is relatively uncommon for Cabot Financial. They typically handle debt recovery through letters, phone calls, and emails rather than doorstep visits.

Get help dealing with Cabot Financial

NDH Financial can help you manage contact from Cabot Financial and put a formal debt management solution in place to deal with what you owe.

Call us on 0800 002 9051 or apply online to book your no-obligation consultation.

Apply Now
A businessman stacking cubes spelling Debt to represent 'business debt help'

Can Cabot Financial send bailiffs?

Cabot Financial cannot send bailiffs directly. They are a debt collection company, not an enforcement agency with bailiff powers.

If you owe money and the debt remains unpaid, Cabot Financial may decide to take further steps. This could include applying to court for a County Court Judgment (CCJ). Before court action happens, you should receive formal notice giving you time to respond, dispute the debt, or arrange a repayment plan.

If they get a CCJ and you still don’t pay, they could then instruct bailiffs to enforce the court order. However, bailiff action would only happen after a court order has been granted and you’ve failed to keep to the payment terms.

Can I ignore Cabot Financial Services?

Ignoring Cabot Financial won’t make the debt go away. Contact will likely continue through letters, calls, or emails, and the situation can escalate over time.

If you believe Cabot Financial has acted improperly or broken FCA rules, you can complain to them directly and escalate to the Financial Ombudsman Service if you’re not satisfied with their response.

Dealing with the situation early usually leaves you with more options than ignoring it.

Can you write off your debt with Cabot Financial?

If Cabot Financial has been in touch about money you owe, you do have options. You can repay the debt in full if you’re able to, or look at formal debt solutions like an IVA if the balance is no longer manageable.

How an IVA works

An IVA is a formal, legally binding agreement between you and your creditors, arranged and supervised by a licensed Insolvency Practitioner. It allows you to repay your debts at a rate you can afford in a single monthly payment, usually over five or six years.

Once an IVA is approved, Cabot Financial must stop contacting you about any debts included in the arrangement. Interest and charges are frozen, and creditors cannot take legal action while the IVA is in place.

Many people repay only a portion of what they owe. Depending on your financial situation, creditors may agree to write off a proportion of the debt, subject to affordability and creditor approval*.

Once the IVA is successfully completed, any remaining qualifying unsecured debt included in the agreement is written off**, giving a clear endpoint to the situation.

Stressed,Woman,Opening,Door,To,Bailiff,At,Home

Apply Today

Get in touch with NDH Financial today for a free consultation about your debts.

Call us on 0800 002 9051 or apply below.

Apply Now

Dealing with debt collection companies like Cabot Financial? We Can Help.

If you’ve been contacted by Cabot Financial and you’re worried about your debt, NDH Financial can help you understand your options and put a clear plan in place.

We’re a personal insolvency specialist with our own licensed Insolvency Practitioner in-house. With over 15 years’ experience in the sector, our practitioner has helped people across England, Wales, and Northern Ireland deal with unmanageable debt.

We specialise in Individual Voluntary Arrangements (IVAs), which allow you to combine multiple unsecured debts into one affordable monthly payment and stop creditor contact once approved.

If you’d like to start the process of applying for an IVA, complete our online form and a member of our team will be in touch as soon as possible.

Apply Now

Have More Questions? Our IVA Learning Hub Can Help

We know you might have questions and that's fine. We can answer most of those on our call.

But we've also built our learning hub so that you can learn more about an IVA and see if one is right for you.

Click below to check it out.

IVA Learning Centre