Cahoot Loans Reviews

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1.6 stars
Average rating for this product is: 1.6 out of 5

From 0 ratings and 7 reviews

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No

Average Ratings for Cahoot Loans

  • Speed of Application2.5 stars
  • Value for Money2 stars
  • Overall rating1.6 stars

7 Reviews For Cahoot Loans

  • epodigy 9th Oct 2007

    Reviewer rating: 0 stars


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    Good Points: None


    Bad Points: They start you off on a low APR and then hike it up to a ridiculous rate. It is completely unfair.


    General comments: I would not recommend the cahoot flexible loans. They lure you in on a low rate, and then they'll put you on a higher rate than credit card rates. Go elsewhere, and go fixed rate.

  • Leila1 Rank: Lance Corporal 2nd Mar 2007

    Reviewer rating: 1 stars


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    I am in the process of trying to close the account. I wrote to them in the middle of February to question the 'end of the special rate' that I did not sign up for. They said it had been clearly visible on the website, which I can't argue with as I haven't got access to the old website. It is not stated anywhere in any of the paperwork signed by me or sent by them. The loan rate is described as standard variable. I thought that if I cleared the balance I could close the account. On the 28th Febru ...

  • erictheviking 27th Dec 2006

    Reviewer rating: 0 stars


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    I set up the loan easily 2 and 1/2 years ago, and I was in a position 4 months ago to close the loan and pay the outstanding amount early.

    Cahoot had a facility to do this online, and I thought the loan account had been successfully closed, as the settlement figure had been taken out of my current account.

    Unfortunately, although my direct debit payments stopped, the account remained open, therefore appearing as though I was in arrears.

    After numerous phone calls to Cahoot, customer s ...

  • they did what 9th Dec 2006

    Reviewer rating: 0 stars


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    This hike in the interest rates is incredible.

    Cahoot and Abbey don't seem to be bothered about any hardship that will be caused to their customers. I have spoken to an independent financial advisor, who almost swallowed his tongue when I told him the situation with Cahoot Loans.

  • Kelberri 18th Aug 2004

    Reviewer rating: 1.5 stars


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    I was told I had two over due payments for June and July but the direct debits had gone to them on these months, so I questioned Cahoot and on many occasions I was put on hold as no-one knew anything about it until I finally spoke with accounts who said these payments were from Dec 03 and Jan 04 and they only told me July this year plus I had an extra charge of £50 for late payments which I claimed back but haven't seen anything and now they so they have no record of it.

  • OldNol Rank: Staff Sergeant 20th Mar 2004

    Reviewer rating: 3.5 stars


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    Cahoot Online have competitive rates. They use secure remote access.
    but the slow responce times are an issue.

  • RichardO Rank: Staff Sergeant 4th Nov 2003

    Reviewer rating: 5 stars


    On average, people found this review very helpful
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    Cahoot On line offers a fully flexible loan with a highly competitive intereset rate. Pay what you like, when you like. Borrow it back later. Online statements and payments make keeping track of it a doddle. Only downside is that once you have taken out the account your rate will not fall if base rates do - but can go up if they rise.

Related categories

  1. Loans