Advantages Low Interest Rates, Daily Iterest, Flexible
Disadvantages Online Account Only, Temptation To Only Pay The Minimum Amount
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!
Cahoot could offer me the amount I wanted at a rate I could afford, with daily calculation on interest and above all FLEXIBILITY!THIS IS WHAT CAHOOT OFFER(as stated on their website)
**** Borrow any amount up to your credit limit and
Only get charged interest on the amount you actually use. Withdraw additional funds using our online transfer facility, Pay off your credit, store card or other existing loans to make the most of our excellent rates ****
It is so easy to withdraw funds by logging on to your Cahoot homepage and inputting the account details of the bank you wish the money to go, this can be done the same day with a Cahoot account or within four working days for other accounts. At the time of applying for the loan you can request an initial transfer amount, this will be actioned as soon as the loan is up and running.As stated you can use the money to pay offer other cards or loans.
~~~~CAHOOT ALSO SAYS~~~~****Your interest rate remains the same however much you borrow. Reduce your repayments when demands on your income are high. Low minimum monthly repayment of £50 or 1.75% of the remaining balance, whichever is the greater†
Increase your payments if you want to pay more.Pay back your loan in full at anytime without penalties****
Once your interest rate is agreed it doesn’t matter if the whole amount is withdrawn, you pay that rate regardless.
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