By its own description, Cabot Financial is “Ireland’s leading ethical acquirer and manager of consumer debt”. The use of the world “ethical” might seem incongruous for a US-owned vulture fund and debt collection agency, but Cabot refers to it time and time again on its website and in its marketing blurb. But just what does his mean in practice? The answer it seems, is litigation. And lots of it. So far this year, there have been 404 debt enforcement actions lodged in the High Court. Of those, a staggering 178 have been issued by Cabot against borrowers. In the past…

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