We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Anyone else getting stung by cahoot flexi loan?

Options
dhassen
dhassen Posts: 759 Forumite
in Loans
They sent me an e-mail saying they were increasing interest (again :mad: ) to 19.9 % (from 14.9). I've been paying more than the previous minumum payment in order to actually pay some of the balance off. Now the minumum payment's going to be more than im overpaying now and I'll have to spend £191 ish a month to pay of around £60. The gits!!
Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts

Comments

  • tom188
    tom188 Posts: 2,330 Forumite
    Yes there is a very long thread on this subject, theyve been doing it for months and some people are getting 29.9% interest charged.
  • dhassen
    dhassen Posts: 759 Forumite
    aahh !

    I did do a search but it didnt come up trumps... at least its not 29.9%!
    Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts
  • Delilah
    Delilah Posts: 148 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    But it did go up very quickly, i got the heck out of there!!
  • nomoneytoday
    nomoneytoday Posts: 4,871 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    They want out of that market and are pricing out the customers :(
  • dhassen
    dhassen Posts: 759 Forumite
    nomoneytoday wrote: »
    They want out of that market and are pricing out the customers :(
    that's what I heard too....
    Delilah wrote: »
    But it did go up very quickly, i got the heck out of there!!

    I wish I could, just been turned down by my bank for a consolidation loan because 'I don't earn enough' its actually because my rent is 725 and my gf has a standing order for 625 into my account every month which (i understand) they can't account for :mad:
    Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture