For those with a 0% Cahoot Flexible Loan (merged)

Cardinal-Red

Not much to say really!

Is there an interest free period on the cahoot flexible loan, or is interest charged from date of 'withdrawal'?

Margaret_Millne

Not sure what the current deal is, but I have just come to the end of a 3 month interest free period. As they are about to whack the interest up to 11.9% they are getting the cash back - all but £1 to keep the account open in case I am absolutely desparate - and to cost them in admin of course.

Cardinal-Red

To be honest, I think I already know the answer.

Life just isn't that kind!

Martinslovechild

Margaret_Millne wrote:

As they are about to whack the interest up to 11.9% they are getting the cash back - all but £1 to keep the account open in case I am absolutely desparate - and to cost them in admin of course.

Margaret,

The account remains open indefinitely even with a zero balance. Mine has been zero for about 18 months with no problems. I would withdraw the last £1 if I were you