first plus loans reviews | Watch This Item.

Average Ratings
Speed of Application6.8/10 Based on 23 ratings
Customer Service0.3/10 Based on 5 ratings
Value for Money0.5/10
Reviewer Rating0.3/10
Overall Rating1.3/10 Based on 36 ratings
0% Recommended0 out of 31 Reviews
Rate this item

31 Review Centre First Plus Loans Reviews

  • Full review by
    cookie123
    on 17th Feb 2009


    User Rating : 1
    Respect : 0

    First Plus Loans? What a joke, should have been called Last Choice. They love to put interest rates up and in the next few days you get a letter informing you that you will be further out of pocket. But what about the last six months when the interest rate has fallen to an all time low. Where is my letter NOW, to say my rates are coming Down?? I'm still waiting and hungry?
    cookie123's review and ratings     | 74 words

  • Review by
    jockdock
    on 20th Jan 2009


    User Rating : 0
    Respect : 0

    Borrowed £43,500 (Including £8,300 PPI) in August 2004. Asked for redemption figure this month after paying over £13,300 FirstPlus say £39,443 plus legal fees to settle including part refund of PPI !!!! Loan has only reduced £4,200, where do they buy their glasses because they seen me coming a mile away....
    jockdock's full review     | 60 words

  • Review by
    Ratfaced
    on 11th Jan 2009


    User Rating : 0
    Respect : 0

    This started out as a good secured loan rate from First Plus Loans it's now a Bad Unsecured rate, and I can only see it going up in future. Even though it wasn't a Low Start" loan, it might as well have been. Went up from 6.5% to 8.5% after 3 months and every change since has been up.
    Ratfaced's full review     | 57 words

  • Review by
    eddboo Rank: Lance Corporal
    on 7th Jan 2009


    User Rating : 0
    Respect : 0

    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 p ...
    eddboo's full review     | 132 words

  • Review by
    remsal1
    on 7th Dec 2008


    User Rating : 0
    Respect : +1

    As many others I also purchased a loan from FIRSTPLUS, plus being the operative word, add on the loan wherever they can but never take off. The PPI is a huge extra cost and I have to wait 5yrs to get rid of it to be able to claim back a percentage of the outlay.
    remsal1's full review     | 62 words

  • Review by
    diddy did
    on 17th Nov 2008


    User Rating : 0
    Respect : +1

    My husband and I took out a loan two years ago with Firstplus. It was the worst thing we have ever done. The company suggested we take out a PPI alongside our loan as the loan was for a large amount or we would not be accepted for the loan. We duly did this and it added £18000 to the value of our loan. Considerably more over the term of the loan. Despite attempts to cancel it only £4000 was returned to our account. For approximately 6 months cover the amount came to over £12 ...
    diddy did's full review     | 123 words | 1 comment added.

  • Review by
    Ste41
    on 17th Oct 2008


    User Rating : 0
    Respect : 0

    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!
    Ste41's full review     | 114 words

  • Review by
    BigJockKnew
    on 21st Jul 2008


    User Rating : 1
    Respect : 0

    I have experience of First Plus`s customer service. Its awful. Any queries are channeled through your own 'personal' manager or rep. Answer service for 2 weeks every day having left umpteen messages but never called back.
    BigJockKnew's full review     | 49 words

  • Review by
    sadlybroke
    on 19th Jun 2008


    User Rating : 0
    Respect : 0

    2 years ago I borrowed £44000 from firstplus, today I reiceved a redemption figure of £44875 and have been paying £360 per month, in that two years the interest rate has gone up by 2.5%. I would not advise anyone to do bussiness with Firstplus.
    sadlybroke's full review     | 54 words

  • Review by
    rclayton Rank: Lance Corporal
    on 29th Mar 2008


    User Rating : 0
    Respect : 0

    I borrowed 53,000 from First Plus as a short term solution following a relationship break-up. The loan was brokered by Norton Finance. When I took out the loan I specified that I wanted the loan short term and did not want to pay huge penalties when we settled. When we missed a couple of payments we tried to make an arrangement pending the sale of the house. We had to reduce the sale price by 15,000 because they harassed me up to five times a day. I complained to the FLA. but First Plus blamed N ...
    rclayton's full review     | 169 words

  • Review by
    gulable
    on 25th Mar 2008


    User Rating : 0
    Respect : 0

    Very stupidly took out a First Plus Loan and ended up paying far more than we borrowed and ended up loosing my dream house because of it. The PPI is high and make sure you claim all yours back under the new rulings. I was told that even if I paid the loan off before the 5 years I'd still get my money back. No way would I have taken it out otherwise.
    gulable's full review     | 76 words

  • Review by
    Guest.
    on 25th Mar 2008


    User Rating : 1
    Respect : 0

    I have been made to feel like a criminal by the First Plus Loans call centre staff and despite us trying to keep them informed and paying amounts when we are able to - I cannot think of anything good to say about First Plus and would not suggest anyone use them unless they are 100% sure that their employment is safe.
    Guest's full review     | 125 words

  • Review by
    denf
    on 21st Mar 2008


    User Rating : 0
    Respect : 0

    We took out a First Plus Loan 5 years ago for 32000 and we are now paying 628 a month and I kid you not and this is over 20 years you do the maths we got a redemption figure last year we would pay back 48000 its shocking. My husband was also made redundant we got the payment protection for all of 6 months then it expired we had no idea that it was only for 5 years and we were not told this on the sales call and nowhere does it say this on the credit agreement we have now taken this further as we ...
    denf's full review     | 121 words

  • Review by
    Guest.
    on 20th Mar 2008


    User Rating : 0
    Respect : 0

    First Plus Loans definately not the answer - If your circumstances change e.g divorce and you have to sell your home and pay off the loan you end up in even more debt due to the early redemption charges!
    Guest's full review     | 71 words

  • Review by
    A Bradley
    on 15th Mar 2008


    User Rating : 0
    Respect : 0

    First Plus' own advisor stated that their interest rates are not linked to either the BoE base rate or the FHBR and that they can set them at whatever they like. I saw four interest rate rises on my loan in just 8 months. I went from an APR of 7 % to 9.3% !!! The BoE and FHBR interest rates hadn't increased by more than 1% ?? When I asked for a resettlement figure my interest rate miraculously dropped a full 1%, however despite making £6500 of payments in 18 months my resettlement figure w ...
    A Bradley's full review     | 145 words

  • Review by
    Shafted
    on 11th Mar 2008


    User Rating : 0
    Respect : 0

    First Plus Loans have been the worst company I have ever had the displeasure to speak to. Asked for a redemption figure which you now have to do by fax. I was told It would take two weeks, by which then another monthly payment was due. Paid the monthly payment, and they took two, one in barclays name, the other in first plus. Asked for a refund which took 3 days, and queried redemption figure as we had now been waiting 3 weeks. Finally received figure, and settled within a week. First plu ...
    Shafted's full review     | 257 words

  • Review by
    chunkeyleadley Rank: Corporal
    on 9th Mar 2008


    User Rating : 0
    Respect : 0

    I am in the same position as all the others above, no matter how desperate you are for the money, it really isn't worth borrowing from First Plus Loans. In my opinion, they train their staff to avoid explaining the truth. Once you take out this loan there is no way out of it unless you are willing to pay more. Honestly.
    chunkeyleadley's full review     | 78 words

  • Review by
    chunkeyleadley Rank: Corporal
    on 8th Mar 2008


    User Rating : 0
    Respect : 0

    Talk you into extra money over longer terms and insurance that's not needed and make it all sound good. Trouble really comes when you want to pay back the loan earlier and find after 5 years of high monthly payments you still owe a lot more than you borrowed in the first place. Don't do it! You may regret taking out this loan. Try and find good reviews on this company.......it will be hard.
    chunkeyleadley's full review     | 81 words

  • Review by
    eddboo Rank: Lance Corporal
    on 8th Mar 2008


    User Rating : 2
    Respect : 0

    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 on. Today (6th March) we got a letter saying they are reducing thier rate by 1.1% to 9.1% amazing saving £40 per Month Horay!!!!!!
    eddboo's full review     | 93 words

  • Review by
    completelyskint
    on 14th Feb 2008


    User Rating : 0
    Respect : 0

    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 off the loan...Great eh?
    completelyskint's full review     | 71 words


First Plus Loans Web Sites

Related categories

  1. Loans