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Cahoot flexible loan rate hike to 19.9%
john348809
Posts: 9 Forumite
in Loans
Just got a letter, following the massive increase in December from 6.9 to 15%, Cahoot have written again.
The rate is going to up to 19.9% from the middle of March!!!!!
The rate is going to up to 19.9% from the middle of March!!!!!
0
Comments
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:eek: :eek: :eek:
Have they given a reason? Could you try your bank and see if they can offer you a loan at a sensible rate? I had a personal loan for £4500 with cahoot @ 14.9%, I'd originally asked my bank if they could help but they couldn't offer me a loan, then suddenly out of the blue they offered me one at 6.4% a few months later so I got rid of Cahoot!
Its worth a try, especially if you've been with your bank for a while & your salary gets paid into one of your accounts with them.0
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