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Home > Finance > Banking & Personal Finance > Loan Lenders > Cahoot Loans
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User Reviews

for Cahoot Loans

Rating Summary based on 18 reviews

  • 5 Stars
    		10
  • 4 Stars
    		2
  • 3 Stars
    		0
  • 2 Stars
    		1
  • 1 Star
    		5

Detailed rating

  • Competitiveness of charges/rates
  • Efficiency of service
  • Online - Content/organization of site
  • Online - Ease of applying for products
  • Online - Reliability/speed of site
  		• 4.0
  		• 5.0
  		• 5.0
  		• 4.0
  		• 4.0
Previous page Next page Page 2 of 2 | 11 to 18 out of 18 Review(s)
  • 5 of 13 Ciao users found the following review helpful
    Picture of jjleeds

    jjleeds

    5 Stars cahoot..excellent 20/05/2003
    User recommends the product

    Advantages Advantages keep track of amount owing online

    Disadvantages Disadvantages none as yet

    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 read sign and return. Once the loan is set up any initial withdrawal you requested goes in to your chosen account automatically within 4 working days ... more
  • 4 of 9 Ciao users found the following review helpful
    Picture of Cahoot_are_crap

    Cahoot_are_crap

    1 Star Avoid the Cahoot Flexible Loan warning 17/06/2007
    User doesn't recommend the product

    Advantages Advantages They're keen to get you on board.

    Disadvantages Disadvantages A rapidly increasing interest rate once you've signed on the dotted line

    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 agreed. I find the increasing percentage rate extortionate and warn everyone to avoid Cahoot, particularly their loans. They are complete loan ... more
  • 3 of 8 Ciao users found the following review helpful
    Picture of sc_horne

    sc_horne

    1 Star Cahoot Flexible loans - bad experience! 21/02/2007
    User doesn't recommend the product

    Advantages Advantages Simple and quick online application, excellent interest rates for flexible loans

    Disadvantages Disadvantages After 1 year, they increased my interest rate from 6.9% to 14.9%

    I took my flexible loan in good faith just after buying my first house seemed like am excellent deal without any catches. I realise that it was a "flexible" loan and the interest rates can be subject to change, which is clearly stated in my terms and conditions. However what is NOT stated is that the low 6.9% interest rate is an "intoductory offer" and i have read every word of the terms and conditions looking for this clause. So you can imagine my disgust when i recieved an email one year on stating that the interest was being hiked up to 14.9%. After speaking to customer services they said ... more
  • 7 of 16 Ciao users found the following review helpful
    Picture of ken_tuck

    ken_tuck

    5 Stars cahoot flexible loan 20/10/2002
    User recommends the product

    Advantages Advantages competetive apr just 7%. flexible loan. no early settlement charges,min payment just 1.75% of amount borrowed.

    Disadvantages Disadvantages can take two weeks to set up.

    cahoots flexible loan was the perfect solution in re organising my personal finances. i initially only applied for the loan because the 7.0 % apr was the lowest i could find anywhere. within a week of applying a copy of terms and conditions and a copy of my credit agreement arrived through my letter box, a week later the loan was set up. SETTING UP ---------- setting up the loan could not have been easier, i simply completed my personal details, reason for the loan and the amount i wanted to repay each month. i had to sign a credit agreement and return with proof of addresses. cahoot accept ... more
  • 0 of 12 Ciao users found the following review helpful
    Picture of Druants

    Druants

    5 Stars Cahhot loan - rapid response 23/02/2005
    User recommends the product

    Advantages Advantages Uncomplicated application, rapid response

    Disadvantages Disadvantages None found

    Having taken early retirement I neded a way to consolidate my remaining debts (credit/store cards) and reduce my monthly outgoings - and after a lot of research 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 ... more
  • 1 of 13 Ciao users found the following review helpful
    Picture of Twinkle82

    Twinkle82

    4 Stars Flexible loan 01/04/2004
    User recommends the product

    Advantages Advantages Flexible Loan

    Disadvantages Disadvantages It means the interest rate is not set and can go up or down

    I found it quick and easy to set up and also had a quick response to any of my enquiries. The advantage is that its flexible so at times of the year when you need more money you can make the minimum payment and when you have a bit more money you can overpay as much as you want without being charged. You can also change the time of the month you want your payments to come out. You don't have a set time to pay it off by either but the longer you take the more interest you pay. The only disadvantage I found was that as it is flexible the interest rates can change and has already gone up nearly 1% ... more
  • 0 of 12 Ciao users found the following review helpful
    Picture of Andrea2807

    Andrea2807

    2 Stars Cahoot Flexible Loan 08/05/2007
    User doesn't recommend the product

    Advantages Advantages No advantages

    Disadvantages Disadvantages No longer available

    Having had a cahoot flexible loan for a number of years I was very happy with it. That is until today. I recently decreased my limit to stop myself spending, when I had a few things break down in the household and needed replacing. So I went onto my cahoot account to increase my limit again, only to be told I couldn't I was quite shocked as I had always paid on time and had no problems, So I rang Cahoot only to be told that they are not concentrating on loans now just current and savings account so they cannot reincrease my limit. When you go to decrease your limit there is no warning anywhere ... more
  • 0 of 6 Ciao users found the following review helpful
    Picture of ERICTHEVIKING123

    ERICTHEVIKING123

    1 Star CAHOOT LOANS 27/12/2006
    User doesn't recommend the product

    Advantages Advantages easy to open

    Disadvantages Disadvantages customer service and payment of money owed to me

    I set up the loan easily 2 and 1/2 years ago and was in a position 4 months ago to close the loan and pay the outstanding amount early. Cahoot had a facility to do this on line and I thought the loan account had been successfully closed as the settlement figure had been taken out of my current account. Unfortunatley although my direct debit payments stopped the account remained open therefore appearing I was in arrears. After numerous phone calls to Cahoot, customer services admitted the mistake and arranged a refund of £266 which was owed due to a mistake in the settlement figure. This was 3 ... more
Previous page Next page Page 2 of 2 | 11 to 18 out of 18 Review(s)