Bait & switch APR

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Trixiewillis's review of AA Loans

★☆☆☆☆

“Bait and switch APR”

Written on: 10/02/2019 by Trixiewillis (1 review written)

Unimpressed with this company. Checked eligibility on Money Saving Expert and came up as 95% likely to be eligible with 3.4% representative APR. I have a good credit file, but after applying I was approved for a loan at 7.9% APR.

Interest on a £15k, 5 year loan had gone from around £1.5k to over £3k. Wasn't prepared to pay that so cancelled the loan, but of course the credit search stays on your file. This actively discourages shopping around and shouldn't be allowed, there is no other purchase where you don't know the full details when you sign up. Would not recommend to anyone.

  • Poor

    Loan Rate

  • Speed of Application

  • Customer Service

  • Value For Money

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