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Cahoot flexible loan & credit card
phinch
Posts: 28 Forumite
Can someone please explain how my Cahoot accounts work. I have a flexible loan with them with a debit bal of 8092. (I think the interest rate is 14.2). I have a Cahoot credit card account and that has a debit bal of 923.00 and an interest rate of (I think) 9.8%. When I want to borrow more on the CC, I have to transfer money into it from the Flexible loan. Am I being ripped off?
I've already made my mind up to transfer the CC to a 0% interest account with HSBC & pay it off within the interest period.
Sorry to be so vague. Am useless with money which is why I'm on here.
I've already made my mind up to transfer the CC to a 0% interest account with HSBC & pay it off within the interest period.
Sorry to be so vague. Am useless with money which is why I'm on here.
:beer: Lightbulb moment in September 2006. Owed £43,000. Aim to be debt-free by May 2010 by a combination of snowballing, tarting and keeping tighter control over spending
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