Reviews for First Plus Loans Reviews

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0.6 stars
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First Plus Loans Reviews

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  • eddboo Rank: Lance Corporal 8th Mar 2008

    Reviewer rating: 1 stars


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    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 ...

  • completelyskint 14th Feb 2008

    Reviewer rating: 0 stars


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    Worst plus are the worst. Put interest rates up when they want. NEVER put them down. Get you to buy PPI because you'll get a lump sum in 5 years if you don't claim.(believe it when i see it).Make loads of money out of you...put it this way we pay about '£550 per month...only '£59 comes ...

  • steevo25 11th Feb 2008

    Reviewer rating: 0 stars


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    We applied for a loan for £30,000 4 years ago. The application went through very quickly and one of their advisor's called to say that we could actually borrow £40,000 if we wanted. We thought the extra bit of money would come in useful. We were also advised to take out the payment prot ...

  • Guest 17th Jan 2008

    Reviewer rating: 0 stars


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    Have you ever try and settle with this company, my lawyer wrote to them six times for a settlement figure and when they eventually responded it came back I was owing 15k more than the original loan. They nearly sent me to an early grave. DO NOT USE THEM EVER. Look out for the small print on the paym ...

  • sprostonl 7th Jan 2008

    Reviewer rating: 0 stars


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    We took out a loan with first plus to consolidated existing debt, The loan included a payment protection plan, i found myself out of work for a short period of time and unable to meet payments, i did find alternative work,but with a lower salary i was in constant contact with First plus to see if i ...

  • WJS 30th Dec 2007

    Reviewer rating: 0 stars


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    We have taken out a secured loan for £65,000 to consolidate our debts thinking that this would reduce our monthly outgoings. Our payments have steadily increased along with the interest rate but not reduced along with the interest rate!! We recently decided that enough was enough and that we ...

  • Guest 8th Dec 2007

    Reviewer rating: 0.5 stars


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    If you are thinking of obtaining a loan from First Plus - don't! the customer service is poor unless they are trying to sell you a new product.

    My experience was a nightmare. I signed up at a rate of 8.0%, within 3 months the rate had been increased 3 times despite the fact that the bank of engla ...

  • vickib 15th Nov 2007

    Reviewer rating: 0.5 stars


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    I took out a loan for 65k, 3 years ago, we were advised to take out the loan protection and told that in 5 years we would receive a refund of the premiums, which in our case is nearly 15k. Since taking out the loan our payments have gone up by £160.00 per month, so we phoned up for a settlemen ...

  • Mr Skyline 8th Nov 2007

    Reviewer rating: 0 stars


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    Seriously think very carefully before taking out a loan with First Plus and my advice is not to take out protection it doesn't work the same way it does with other loans and they hide that fact as best they can.

  • olipho 15th Apr 2007

    Reviewer rating: 0 stars


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    We took out a loan secured on our home with first plus loans 2 years ago. We thought we were now in a situation to be able to settle the loan amount but after asking for a settlement figure we find we actually owe £10,000 more than the original loan itself despite paying off around £14 ...