cahoot.co.uk Flexible Loan Reviews

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?

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, ...

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!!

A few years ago I found myself in some financial difficulty and deperately applied for several loans. I was accepted for one with an organisation I won't name here, but the interest rates were phenomenally high so on a £3000 loan I was paying back £140 a month. After a while these payments were beginning to take their toll, especially ...

~~~~This is an update~~~~ Cahoot are offering the chance to have £50 credited to your flexible loan account. All you have to do is simply transfer a balance from another credit or store card of £1500 or more before the end of December. If you are an exisiting customer you can go ahead and do the transfer now, if you haven't yet opened ...

Anyone having an idle look through my opinions may notice that I had been in the market for a new car, possibly an import. Unlike going to a UK dealer, who may have all kinds of finance packages, ranging from interest-free credit (on cars they want to shift!) to more normal HP arrangements and 'balloon payment' schemes, importers ...

I choose Cahoot's flexible loan because of the advertised rate of 8% APR and flexible repayment options. It is unsecured, the interest is calculated daily and there are no early repayment penalties. Setting Up ---------- Applying online is easy, you need a secure connection, you fill in your personal details, income, ...