31 reviews for first plus loans reviews | Watch This Item.

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First Plus Loans Reviews

  • Review by
    The Hitman Rank: Lance Corporal
    on 21st Feb 2006


    User Rating : 0
    Respect : +2

    I borrowed £17,000 over a 15 year period from First Plus Loans, and I was advised not to settle early until a minimum of 5 years had passed. I was paying £215 a month. On January of this year I asked for an early settlement figure, as that was 1 month passed the 5 years, and I was quoted ...
    The Hitman's full review     | 99 words

  • Review by
    dkennedy
    on 26th Jun 2006


    User Rating : 1
    Respect : +2

    I took out a loan with First Plus 5 months ago. I have paid £4315 in monthly repayments, and I am now £11500 worse off if I settle now. I was given the impression that I would receive a refund of any unused portion of my loan protection minus interest on early settlement. In actual f ...
    dkennedy's full review     | 246 words

  • Review by
    cerruti
    on 6th Oct 2006


    User Rating : 0
    Respect : +1

    We took out a secured loan on our house 10 months ago, and we were encouraged to take the insurance plan with the loan. According to our agreement the insurance premium was £113.00 per month on top of our monthly payment. We were advised that if we didn't make a claim we would get £10, ...
    cerruti's full review     | 285 words | 1 comment added.

  • Review by
    olipho
    on 15th Apr 2007


    User Rating : 0
    Respect : 0

    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 ...
    olipho's full review     | 64 words

  • Review by
    Mr Skyline
    on 8th Nov 2007


    User Rating : 0
    Respect : 0

    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.
    Mr Skyline's full review     | 82 words

  • Review by
    vickib
    on 15th Nov 2007


    User Rating : 1
    Respect : +1

    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 ...
    vickib's full review     | 186 words

  • Review by
    Guest.
    on 8th Dec 2007


    User Rating : 1
    Respect : 0

    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 ...
    Guest's full review     | 103 words

  • Review by
    WJS
    on 30th Dec 2007


    User Rating : 0
    Respect : 0

    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 ...
    WJS's full review     | 160 words

  • Review by
    sprostonl
    on 7th Jan 2008


    User Rating : 0
    Respect : 0

    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 ...
    sprostonl's full review     | 177 words | 1 comment added.

  • Review by
    Guest.
    on 17th Jan 2008


    User Rating : 0
    Respect : 0

    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 ...
    Guest's full review     | 130 words


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