Got an upgrade on my loan but.....

cherrypie556

We currently have a loan with cahoot for £8k, decided to get an extra £5k. So need to borrow the full £13k then repay the remainder of the £8k loan off. Well did it online yesterday, all went through fine and been accepted, but obviously will only get £5.5k as remainder of other payed off. Got all the bumff through this morning and its for a loan amount of £10,500 so iam confused as it should either be for the full £13k or the remainder of ithe £13k which is £5.5k. Wont speak to me as its in hubbys name and hes away till tom night, and wanted it sorted. Any ideas to whats gone on? and now iam confused that we have two complelty seperate loans with them and they expect us to pay for both.

AMILLIONDOLLARS

Did you take out PPI with the first Loan? Could be a refund involving this in the settlement of the first loan and have you taken out PPI with this loan?

cherrypie556

no and no lol

AMILLIONDOLLARS

Maybe they have changed their minds and have only given you £10,500 instead of £13,000, which mean after you have paid the £8K you'll only be left with £2,500!! or they have sent the wrong paperwork through!!!! You'll just have to wait until hubby gets home and he has a talk with them:D