Reviews for First Plus Loans Reviews

rclayton's review has yet to be rated - Be the first!
Report this review

I borrowed 53,000 from First Plus as a short term solution following a relationship break-up. The loan was brokered by Norton Finance. When I took out the loan I specified that I wanted the loan short term and did not want to pay huge penalties when we settled. When we missed a couple of payments we ...

gulable's review has yet to be rated - Be the first!
Report this review

Very stupidly took out a First Plus Loan and ended up paying far more than we borrowed and ended up loosing my dream house because of it. The PPI is high and make sure you claim all yours back under the new rulings. I was told that even if I paid the loan off before the 5 years I'd still get my mo ...

Guest's review has yet to be rated - Be the first!
Report this review

I have been made to feel like a criminal by the First Plus Loans call centre staff and despite us trying to keep them informed and paying amounts when we are able to - I cannot think of anything good to say about First Plus and would not suggest anyone use them unless they are 100% sure that their ...

denf's review has yet to be rated - Be the first!
Report this review

We took out a First Plus Loan 5 years ago for 32000 and we are now paying 628 a month and I kid you not and this is over 20 years you do the maths we got a redemption figure last year we would pay back 48000 its shocking.
My husband was also made redundant we got the payment protection for all of 6 ...

Guest's review has yet to be rated - Be the first!
Report this review

First Plus Loans definately not the answer - If your circumstances change e.g divorce and you have to sell your home and pay off the loan you end up in even more debt due to the early redemption charges!

A Bradley's review has yet to be rated - Be the first!
Report this review

First Plus' own advisor stated that their interest rates are not linked to either the BoE base rate or the FHBR and that they can set them at whatever they like. I saw four interest rate rises on my loan in just 8 months. I went from an APR of 7 % to 9.3% !!! The BoE and FHBR interest rates hadn't i ...

Shafted's review has yet to be rated - Be the first!
Report this review

First Plus Loans have been the worst company I have ever had the displeasure to speak to. Asked for a redemption figure which you now have to do by fax. I was told It would take two weeks, by which then another monthly payment was due. Paid the monthly payment, and they took two, one in barclays n ...

chunkeyleadley's review has yet to be rated - Be the first!
Report this review

I am in the same position as all the others above, no matter how desperate you are for the money, it really isn't worth borrowing from First Plus Loans. In my opinion, they train their staff to avoid explaining the truth. Once you take out this loan there is no way out of it unless you are willing t ...

chunkeyleadley's review has yet to be rated - Be the first!
Report this review

Talk you into extra money over longer terms and insurance that's not needed and make it all sound good. Trouble really comes when you want to pay back the loan earlier and find after 5 years of high monthly payments you still owe a lot more than you borrowed in the first place. Don't do it! You may ...

eddboo's review has yet to be rated - Be the first!
Report this review

Interest rate went up 5 times from 7.5% to 10.2% and in some cases not justified as interest rate went down on 2 occasions. No help in getting redemption figure No customer service all automated. Part of Barclays and if known that would never have signed up as had problems before. list goes on and o ...