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Cahoot 0% -- The plot thickens

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Like many of you, I too got my Cahoot Loan. When I first logged on, I noticed that the interest rate wasn't listed as 0%, so I emailed Cahoot asking them to confirm my rate. I got an email back:

"I can confirm that the interest rate is 0% until March 2005."

Phew Thinks I.

I log in today and find that I have been charged interest of nearly £60. So I got on the phone straight away to Cahoot only to be told that I didn't have a 0% loan?! :o

After much discussion with me pointing out that I had confirmed on the telephone when I applied AND I had an email from them confirming the rate, the chap has gone away to see what can be done! I told him that even if for some reason I was not eligible for the 0% loan, they had better find away to fix that as I had written confirmation that I was!

Forgive any lack of grammar in this post -- I am somewhat distraught!

I'll keep you informed!

Kat

Comments

  • System
    System Posts: 178,340 Community Admin
    10,000 Posts Photogenic Name Dropper
    Just had chappie on the phone -- They are very sorry about the mix up and will be refunding my interest and resetting the interest rate to 0%. Provided this happens in the next couple of days, as promised, I shall consider this a compaint well handled ;D
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,340 Community Admin
    10,000 Posts Photogenic Name Dropper
    Now that's what I call service ;D 1 phone call to Cahoot, 1 phone call from them and all is sorted -- Interest has been refunded :D Whay can't other places do this (not that I'm thinking of anyone in particular ;) )
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Glad to hear things are sorted. Fortunately my loan has been fine so far :)
    I'm sorry but I'm not Mike!
  • ohit
    ohit Posts: 371 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I guess they had no choice, but to fix it. It's got nothing to do with service really.

    I'd request something extra for the extra hassle they caused.
  • Walletwatch
    Walletwatch Posts: 1,055 Forumite
    True. I'd call the service commendable if you did not have the e-mail confirmation, and they still admitted their mistake and addressed it promptly !!!
    It's always the grass that suffers, irrespective of whether the elephants are fighting or making love !!!
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