Cahoot Loans

~~~~ Update~~~~~ Cahoot are offering you the chance to earn £50 paid into your Cahoot Felxible Loan. All you have to do is transfer a balance of £1500 or more from another credit or store card before the end of December and you will earn the £50! The cash gets paid in February so you must still have the balance outstanding then. This applies to both exisiting and new customers so if you haven't arranged a loan yet, get cracking! The same offer also applies to new or exisiting credit cards, check out the T&C's at www.cahoot.com ~~~~~~~ Ok, you may or may not have read my previous op about the ... more

The first section of this opinion relates to a personal loan that I arranged some months ago through Cahoot.com. The second section relates to the Cahoot Visa Card. 1. THE LOAN Anyone having an idle look through my opinions may notice that I seem to be 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 are going to want MONEY. This leaves most people with two choices, save up for it, or ... more

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, bank account details, etc and how much you wish to borrow. They then tell you if you have been accepted or not. The application takes about half an hour. A credit agreement gets sent to you in the post and you have to read and sign it and send it back along with proof of your ... more

I have a graduate account with barclays with a lot of debt (£3000 overdraft and £3000 personal loan) and was finding the repayments on my loan quite high, so I approached barclays with the intention of consolidating loan, overdraft and £1000 credit card with another loan with lower repayments. I am employed and have been with barclays for 7 years. Seems reasonable? Well, see my other opinion (which I will write next) about my fiasco with Barclays. No really, you would not believe it! Anyway, fuming about Barclays, I went searching for another loan provider, planning to consolidate and leave ... more

This was my first ever loan application, and although I thought I would be baffled by all the legal jargon I found the cahoots loan very easy to understand! I took a fixed rate loan for £1000 at only 5.9%, I am borrowing it over a period of 12 months and only have to pay them a total of around £30 interest! APPLYING FOR THE LOAN One huge problem for some people here-it can only be done online, for me though this is a huge benefit as it means no hassle trips to banks and talking to bank managers, no lengthy forms-pretty much everything is online which I think is fantastic. The actual ... more