We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Cahoot flexible loan help!
Hi,
We have a flexible loan with Cahoot and as everyone who has one knows, the interest rate just keeps going up. The amount of interest we're now paying on it is ridiculous.
So a couple of months I applied online with Nationwide for a fixed loan to pay it off. We've had accounts with them for years and had a personal loan before. The application got declined. I realised I had put our extra income in wrong so left it and tried again on Sunday. It got declined again. All I can think is that we are on a low basic pay because we also get dividends and I have a self-employment part time job too. So they don't see that as a secure income. I don't know what to do and concerned about trying somewhere else because of our credit scoring getting affected by keep being declined. Can anyone advise?
Thanks
Lorna
We have a flexible loan with Cahoot and as everyone who has one knows, the interest rate just keeps going up. The amount of interest we're now paying on it is ridiculous.
So a couple of months I applied online with Nationwide for a fixed loan to pay it off. We've had accounts with them for years and had a personal loan before. The application got declined. I realised I had put our extra income in wrong so left it and tried again on Sunday. It got declined again. All I can think is that we are on a low basic pay because we also get dividends and I have a self-employment part time job too. So they don't see that as a secure income. I don't know what to do and concerned about trying somewhere else because of our credit scoring getting affected by keep being declined. Can anyone advise?
Thanks
Lorna
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards