Cahoot 2004 Loan

zozza26

Hi All,

I took out an £8,000 flexible loan with Cahoot in August 2004. This was applied and signed for over the internet. I am still paying this now (i know ) but i pay Santander.

I have managed to find the original agreement letter which asked for me to sign and send one copy back. It mentions PPI at 77p per £100 balance but says i dont need to tick the box if it was agreed over the internet.

Now even back then i didnt knowingly agree to any PPI as i knew it wasnt really worthwhile. As i dont have access to my online account anymore (Santander took over with paper statements in April 2004) how do i know if i was ever charged? I dont recall seeing any breakdown and it doesnt mention it on my current Santander statements.

I have heard of companies who include this in their charges though without showing the breakdown. I doubt i was ever charged but i think its worth a shot looking into it as i worked out it would have been £60ish a month for 7 years

Can anyone help??

Thanks

magpiecottage

I think you have problem.

Without itemised statements I do not see how you can demonstrate that PPI ever existed.

With itemised statements you could demonstrate it but might run into difficulties if they ask why you didn't complain about it seven years ago and attempt to timebar your complaint.

Hotcakes_Debbie

Did you also have the interest hike when Santander took over?eg. 8%to 21% I have recently posted some luck I have had regarding this
Deb

zozza26 wrote: »

Hi All,

I took out an £8,000 flexible loan with Cahoot in August 2004. This was applied and signed for over the internet. I am still paying this now (i know ) but i pay Santander.

I have managed to find the original agreement letter which asked for me to sign and send one copy back. It mentions PPI at 77p per £100 balance but says i dont need to tick the box if it was agreed over the internet.





Now even back then i didnt knowingly agree to any PPI as i knew it wasnt really worthwhile. As i dont have access to my online account anymore (Santander took over with paper statements in April 2004) how do i know if i was ever charged? I dont recall seeing any breakdown and it doesnt mention it on my current Santander statements.

I have heard of companies who include this in their charges though without showing the breakdown. I doubt i was ever charged but i think its worth a shot looking into it as i worked out it would have been £60ish a month for 7 years

Can anyone help??

Thanks