First Plus Loans Review

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

From 5 ratings and 33 reviews

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eddboo's Review of First Plus Loans

7th Jan 2009

Overall Rating

0 stars
  • Value for money
    2.5 stars
  • Speed of Application
    5 stars
  • Loan Rate
    7.5% now 10.2% (2 years)
  • Customer Service
    0 stars
Good Points

Cheque arrived in good time, (at time) able to borrow whatever we wanted.


Bad Points

Where do I start, 1, poor service 2, Some unhelpful customer service 3, Not clear enough on interest rate I could go one.


General Comments

I have previously written a comment and praised Barclays First Plus for reducing there rate then to 9.1% (originally 7.4%) but yet a saving only lasted 2 months. Received a letter about a 6 months ago stating they were putting the interest rate back to 10.2% due to the economic climate. Sorry what a nightmare the rate has now been cut to a record low LIBBOR and LIDOR to at record lows whereas our cut BFP, always willing to put the rate up but never down. We need people power lets all write and put pressure on. No I was luck no PPI taken.

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