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Cahoot Flexible Loan
Comments
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I've had one of these for 2 months. Today they email me to say the interest rate is getting whacked up from 5.8% to 8.9%! I'm most disgusted with their behaviour. Their rubbish system hasn't let me set up a direct debit for the minimum amount properly. :mad:
They're not even giving me one month's notice either. The rate change takes effect from 28th June.
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I have been a customer of cahoot for a number of years. Their rate was 6% when it opened and today they said it is going up to 8.9%
As I only have a small amount left to pay it isn't worth switching as the 2% BT fee will outweigh the 3 or 4 months left to clear it...0 -
same here, i have been with cahoot from the beginning. Ive got the loan facility on my account although i have never used it - it has just been nice to know its there at 5.8% if I ever need it.
Today and email also saying its going up to nearly 9%. Especially annoying as Cahoot are currently running a 5.8% loan advertising promotion.
rich0 -
INcidentally, MY oH recieved an email yesterday, putting his rate up AGAIN to 11.2%
Be aware.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Got an email form Cahoot advising my flexible loan is going up to 11.9%. Just got to live with it or can you copmplain?0
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Same here up to 11.9% APR, 2 weeks notice, only had the loan 3-4 months (and I was supposed to be on a 1 year offer?)
I've complained to them, told them drop your rate or stick it, I'll move my loan and my current account and my saving accout somewhere else thankyou!
No reply yet.0 -
My loan was only set uop in May , but if they put the rate up soon I will switch to a fixed rate loan at 5.8%. I did not do this as I like to overpay where possible.£2 saver club, over £200 now:
1p a day increase saving. Paid up to middle April
:j0 -
they've just whacked mine up to 13.9%:mad: . Thing is I can't move it anywhere else as I am all credited out right now and I really need the flexibility right now. I do pay off more than the minimum and I guess I'll just have to up the repayments? Or is there anything I can do to get the interest rate back down?0
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I've had mine for approx 3 years, pay twice the advised amount and mines going up to 15.9%
I like the flexibilty but at what cost?0 -
I just put this link onanother post as well
check it out. Very low rate of 5.9% apr
http://www.northernrock.co.uk/loans/quote/quickQuoteIM.asp?ref=655-11880
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