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My loan interest has gone to 19.9% Please help me!

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welsh_cake
welsh_cake Posts: 897 Forumite
Hi
I have a Cahoot loan for £9,000 and pay £180.00 every month, which is all i can afford to pay at the moment. i received an e-mail over the weekend telling me that my interest is going up to £19.9%, My credit is bad, so won't be able to transfer the loan anywhere, as i have already tried. Please can someone offer me some help. Is there any way i fight this?

:eek:
If dogs don't go to heaven, then I want to go where they go. :A

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