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 ...
...you understand why I chose Cahoot above other lenders. 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 ...

criple 23.04.2003 (12.11.2003) · Read full review
Ciao members have rated this review on average: very helpful
Review of Cahoot Loans

...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 ...
...start straightaway. Not so with Cahoot – with them, all I have done is set up a loan account with the money still sitting there, costing me nothing. Unlike HP, this is more like a bank account with zero balance, and an agreed overdraft facility. Therefore, if you’re not overdrawn, it costs nowt! SETTING THE LOAN UP This was relatively simple to set up over the internet, requiring such details as income, level of existing debt and personal details. ...

BNibbles 03.12.2001 (17.07.2002) · Read full review
Ciao members have rated this review on average: very helpful
Review of Cahoot Loans

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 ...
...you in the post and you have to read and sign it and send it back along with proof of your address. All this takes about a week then the loan is ready for withdrawals. You then login to your account on their website where you can transfer money to your bank account. This is supposed to take at least four working days if your current account is not with Cahoot, mine only took three days. You can also use your online account to look at statements, ...

sugarspunsister 14.05.2002 · Read full review
Ciao members have rated this review on average: very helpful
Review of Cahoot Loans

...My attention was drawn to Cahoot straightaway as they have the highest rating, but still feeling worried about my credit score, I thought it would not accept me. So I looked at Intelligent finance, as someone in a similar position (student debts etc) had posted a positive opinion about them. However, I was refused by them too. By now feeling dejected, and resigned to being drained financially by barclays every month, I carried on with my life. I ...
...I received an email from Cahoot to say "Your account is now ready for use". I couldn't believe it. I had been accepted! I went to the site and tried to log in. Oh no! I remembered all of the 'memorable information' that I had given to cahoot (for secure login) but I couldn't seem to remember my username. What would I do? I thought it would be impossible to get hold of an internet company like this by phone so I felt silly dialing the number and waiting ...

Friedegg 22.06.2003 · Read full review
Ciao members have rated this review on average: very helpful
Review of Cahoot Loans

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 ...
...lengthy forms-pretty much everything is online which I think is fantastic. The actual application didn’t take me that long, around 15 minutes I’d say. They ask for your personal information-but how odd I thought-you don’t have to give details of how much you earn, a very strange notion I thought, but I went along with it and after 15 minutes I was told that I had been accepted prior to checking some details such as my address. I even got to set up ...

frizz69 01.03.2004 · Read full review
Ciao members have rated this review on average: very helpful
Review of Cahoot Loans

I was trying to get a loan for about xxxxx amount in June this year to clear of some debts and use the rest of the money for other things. But, I was keen on low APR. I was not interested in just any loan as it was not desperate situation. The particular reason for applying for loan was I did expect Bank of England interest rate to go up as American interest rate gone up several times by that time (Honest). Don't ask me when it will go up next. ...
...recent house purchase, and other debts, I was not successful in many applications. My favourite and target to get a loan from Northen Rock, as it has gives most competitive interest rate and flexible terms. The best flexible term from Northen Rock is you will pay far less fine for early repayment compared to any other bank's personal loan. I did not get it. Tried several others online banks and none of the applications were successful. I knew filling ...

yadukrishna 01.12.2006 (03.12.2006) · Read full review
Ciao members have rated this review on average: very helpful
Review of Cahoot Loans

...of your short list. Cahoot is the online bank that's part of Abbey National, and unlike most places, they won't accept you at all unless you have a reasonably sound credit history. In return though, you get a fantastic rate on their loan - 7% APR in my case - which is by some way the best in the market. That said, friends of mine have had 8% and 9% offered, so I guess the precise rate depends on your exact risk rating. Not only is the rate v.competitive, ...
...small amount, so whether it's £1000 or £10000 you still get charged 7% - neat, huh? The other great feature about the loan is that you can change the amount you repay each month (if you so choose), although there is a minimum of £50 or 1.75% to repay. So in this respect it's a bit like a credit card without the plastic.... BUT, the big difference is that you can use this loan like an overdraft and transfer lump sums to a current account to use as ...

Kerlmann 13.11.2001 · Read full review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans

...way. I have recommended Cahoot to many of my friends & they have been just as pleased with the service. Another bonus with Cahoot is that they don't hassle you with offers etc. Whereas, with HFC I received no end of credit card, loan applications & even now, when I've settled my account with them, I still get pestered by letters offering special offers. I have banked/had loans with a few company’s (Black Horse, GE capital, HFC/Household Bank) ...

mattshaw4 30.03.2004 · Read full review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans

...a Fixed Rate Loan with Cahoot to purcase a car for a 4 year term. I chose Cahoot as it was listed on the 'Autotrader' website and the APR was very competitive. It was easy to apply for and the cash was available within a week of applying - so far so good. After 18 months, I decided to trade the car in for a different model. Obviously the dealer didn't accept my old car as part exchange with finance attached to it and as is was a week-end he advised ...
...On the Monday I contacted Cahoot for a settlement figure and they asked me why I needed that information. I told them of my intention to close the account and said that the dealer would send a cheque of the outstanding amount - " We don't accept cheques" came a frosty reply. I advised them that I could pay with my Debit Card - "We don't accept cards" How do I pay it off then I asked. "You can only do it by Direct Debit which can take up to 4 ...

baggywinks 02.01.2007 · Read full review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans

...am very unimpressed with a cahoot personal loan. The one thing i did find when taking out a loan was they had a great user friendly web site that was secure and easy to use this is what prompted me to use their service but i wish i hadnt I took out a flexible cahoot loan about 4 years ago and would have to say at the time it was fine. I didnt realise a flexible loan meant that cahoot could up their interest rates on your loan at anytime. Although ...
...I contacted cahoot customer service about this and although they responded quickly i had no satisfaction into why this was happening. I obviously misread their terms and conditions when applying and omitted to read they could up interest at anytime but i feel 21.9% interest is quite unacceptable on a loan, so be careful when applying. ...

gemrocks1 21.08.2007 · Read full review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans

I changed to cahoot personal loan 1 year ago and cut my interest rate for my car from 28% to 7%. It is easy to apply for you just fill in the online application form tell them how much you want to borrow, what you would like your initial withdrawal to be and are told straight away if you have been provisionally accepted. If accepted you are then sent an information pack and credit agreement through the post, usually within 7 days which you just ...
...as there are no rewards for the personal loan, but there is a shopping section on the web site which can be used in conjunction with a cahoot credit card to earn cash back. The full range of products cahoot offers are easily found on the homepage:- www.cahoot.co.uk ...

jjleeds 20.05.2003 (21.05.2003) · Read full review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans

I recommend everyone avoids the Cahoot Flexible Loan. I took a loan with Cahoot out about 3 years ago, at an interest rate of 8.4%. Within a month of taking it out, they increased the percentage rate to 8.9% and then gradually increased the percentage rate over time until I am now paying 14.9%. Cahoot Flexible Loan have recently informed me that at the end of June 2007, the interest rate will increase to 19.9% - more than double what we had originally ...
...you for contacting cahoot in Coventry. We can not offer you a lower rate. Your rate will be increase on the 26th June to 19.9% as previously advised. If you require any further assistance please do not hesitate to contact us again. Kind Regards, Andrew Makin" ...

Cahoot_are_crap 17.06.2007 · Read full review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans

...personaly thought it was "immoral". Its seems very coincidental that this all happens around the time that cahoot are no longer offering this type of loan, and are recommending that you transfer to a fixed loan with Abbey. So personally i wouldn't recommend any cahoot products to anyone. ...

sc_horne 21.02.2007 · Read full review
Ciao members have rated this review on average: somewhat helpful
Review of Cahoot Loans

...return with proof of addresses. cahoot accept utility bills, bank statements or credit card bills. ****** note it can take 4 working days to transfer funds to another account. *********************** PEACE OF MIND ------------- Now that i have the loan i have complete peace of mind at knowing if my circumstances change that the loan can be changed at a moments notice. i would strongly reccomend anyone that is thinking of a personal loan for any ...

ken_tuck 20.10.2002 · Read full review
Ciao members have rated this review on average: somewhat helpful
Review of Cahoot Loans

...on the net I found Cahoot to be very easy and fast to deal with. Although there were a number of options open to me I chose a fixed rate loan so that I could plan my future expenditure. I also like the advantage of on-line control. Once I had worked out which product I needed from the options available I was able to use their loan calculator to see how much I could borrow. (And being 'retired' at less than 60 years old was not a problem, unlike some ...

Druants 23.02.2005 · Read full review
Ciao members have rated this review on average: somewhat helpful
Review of Cahoot Loans