cahoot.co.uk Flexible Loan

Express Review on cahoot.co.uk Flexible Loan
by Yvonne - written on 08.02.08
Rating:

My interest rate went from about 12% - which wasn't great but the flexibility of the loan set up was outstanding - to 21% within a few months!!!

I managed to pay out the loan with a credit card 'cheque' so it was a balance transfer to a more realistic 6.9%.

I wonder if all flexible loan customers know about the rate change?

Cahoot Flexible Loan no longer available (from 4Q 2006) (159 words)
by jameskev - written on 13.12.06 (Useful, 550 readings)
Rating:

From 4Q 2006, Cahoot are no longer offering the 'Flexible Loan' to new customers. Further, they have dropped a bombshell on existing customers by pushing up the interest rate out of all proportion to the increase in the Bank of England base lending rate. In November 2006 the interest charged on my loan was 9.1% APR. This increased, on 01 December, to 9.4% APR (fair enough), but with effect 14 December 2006 the APR has increased to 14.9%!!! At the same time Cahoot are offering alternative Fixed Rate loans, which are available only through their parent company Abbey. The policy clearly seems to be to persuade existing Cahoot customers to transfer their loans to Abbey - I ...

Express Review on cahoot.co.uk Flexible Loan
by Dennis - written on 19.10.06
Rating:

I needed a loan which I could pay back early without any penalties, so I took out a 3 year loan which I new I could afford, and was able to pay it all off withing the 1st 15 months with out any quibble. Perfect and I was hoping to use them again but just get linked now to the Abbey who do not seem to do this. Shame!!