First Plus Loans Review

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0.6 stars
Average rating for this product is: 0.6 out of 5

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Ste41's Review of First Plus Loans

17th Oct 2008

Overall Rating

0 stars
  • Value for money
    0 stars
  • Speed of Application
    5 stars
  • Loan Rate
    13.5%
  • Customer Service
    0 stars
Bad Points

Interest started at a fat juicy worm rate of 9.3% for 3 months then it went up and up a total of 8 times in the first 12 months and our repayments grew by £70 a month.


General Comments

We borrowed £43000 from first plus based information given by there fisherman who dangled there fat juicy worm rates in front of our noses. I asked the guy on the phone if first plus were in the habit of raising there interest rates often, they told me they very seldom raise there rates. We had 10 rises in the first year when asked what I asked them what it was based on but the letters clearly stated Bank of England base rate!

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