Cahoot Rip Off (merged)

Poppycat

They were mentioned on BBC 2 working lunch today about the increases

roger56

Take a look at Zopa for loans:

http://www.zopa.com/zopaweb/public/borrowing/great-rates.html

lynzpower

poppy cat what was said about it?

Poppycat

Lynz just that they were increased the interest rate twice in the last few months I think. You can watch it on pc if you have BB


http://www.bbc.co.uk/bbctwo/programmes/?id=working_lunch

Dave_Sk

Thanks for the help guys.

Looking at the options I think I'm going to have to move as much away from cahoot as I can but still keep on using cahoot for my day to day stuff. I guess I'll just have to accept that I have to pay extra for the flexibility.

Ah well, Cahoot was nice while it lasted, especially when it was down at 6%ish...

Straykitten

Hi,

I'm absolutely disgusted with Cahoot's series of interest rate hikes!

5 times, that I can see, over the past two years. And now...what a leap - 14%!!!

Does anyone know of an alternative to the Cahoot flexible loan?

I need a flexible loan that allows me to borrow as much or as little as I need, of a set allocation / credit limit, without charging me. I'm not after a loan that is flexible ONLY because you can pay it off early or take a payment holiday.

Please someone...help me!

Thanks,
Gail

DramaQueen29

Ive had the same email, my cahoot loan has gone up three times since opening it in April, sadly Im not working so cannto transfer yet, will do asap though.

clarab_3

Cahoot's customer service is terrible (although I bet they are taking a hammering at the moment)

3 days for a reply to an email, then its a form response. Ive followed it up with a request for the name of the Independent arbitration service they use twice to no response.

MikeAndHisLovelyPlant

I popped in to my local Abbey, removed all of their mortgage brochures (there were quite a lot!) and replaced them with a piece of paper saying
"I was ripped off by Cahoot (owned by Abbey)".

This was very childish of me but I felt so much better.

I think I'll do it again, you should try it.

Mike

happy_chick_3

loving your style mike! i might just do the same.

If everyone lodges a complaint with the FSA maybe we can get something done about this and force them to lose lots of customers and re-think the appalling behaviour