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Dáil
‹ An tOrd Gnó - Order of Business

Cabot Financial debt case

Summary

Brendan Griffin raised the case of an elderly man being pursued over an old debt and criticised the company’s conduct. The Taoiseach said he did not know the details, advised people with debts to seek legal or financial advice, and declined further comment when told the case was settled.

I wish to raise with the Taoiseach the case of Cabot Financial Ireland. A quick look at its website introduces you to Sean Webb, Rachel Brown, Niall Sorohan, Gerard Clear, Tom Dillon and Michael Webb. These people are hounding a man of almost 80 years of age in my constituency for the balance of an old debt going back more than 15 years. This man is almost 80 years of age and in poor health. Through its solicitors, Belgard Solicitors, Cabot is writing to this man, threatening him with High Court proceedings. This type of behaviour is absolutely scandalous and disgraceful. Where is the regulator? Last Thursday, I raised the case of Pepper Finance charging 9.24% on mortgages. Is the regulator asleep again, as was the case in the past? We know what happened back then. I am calling on the Taoiseach to call in Cabot Financial Ireland and ask its directors what they are doing to this man. It is not good enough. Those people deserve to be named in the House. I hope they are proud of what they are doing. Do they think it is going to make them happier or something? It cannot be allowed to continue. It is scandalous.

Comment on this
Leo Varadkar The Taoiseach Fine Gael

I am afraid I am not familiar at all with the case. I do not know how much money the gentleman owes or why, and I am not familiar with the company the Deputy has mentioned in the House. I certainly encourage anyone who has unpaid debts to get legal advice and get good advice from a solicitor or financial planner. It is important that if people have debts, they should pay back those debts. Debts that go unpaid obviously have a consequence somewhere and often the cost of them gets socialised.

Comment on this

The case was settled.

Comment on this
Leo Varadkar The Taoiseach Fine Gael

As I do not know enough about the case, I cannot comment on it.

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