jellybabe vs Cahoot Flexi Loan

[jellybabe]

Another message that my interest rate will go up again.23.2% for a Loan??!!

i've had enough of this!

Will send my CCA request off tomorrow morning. Let's hope they can't find anything. I applied for it online....but that was way back in Sept 2002.
Oh well, will see what they come up with.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[dpick]

Originally Posted by jellybabe

Another message that my interest rate will go up again.23.2% for a Loan??!!

i've had enough of this!

Will send my CCA request off tomorrow morning. Let's hope they can't find anything. I applied for it online....but that was way back in Sept 2002.
Oh well, will see what they come up with.

Hi Jellybabe I only have one loan and this one has enforceable agreement but the one thing I did find was that the loan was fixed rate when you get doc's from CCA request check them for this though as flexi loan this maybe part of the terms and conditions.

dpick

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[jellybabe]

Thanks dpick,
i think it was part of the conditions.It's just a bit annoying, as soon as they smell trouble they put the interest rate up. It happens every few months. getting really hard to pay back now.
They won't help with lower payments and they didn't let me convert it into a fixed one when i asked a while back.
I mean, what else can i do than hoping for this??
It is hopeless...

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[roboticboy]

Cahoot do not do fixed rate loans - wwll that was what the Cahoot lady said to me. She advied to go to the Sister company Abbey for a fixed rate. My rate has just gone up to 17.9% from 14.9%. (comes into affect on the 11/08/2008. I pay the standard repayment each month - £110. The interswt alone is approx £63 - it's DISGUSTING!!!! I cannot get a fixed loan as Studio Cards DEFAULTED me. I might "question" the default which will show as "in question" on my Credit file hopefully buying enough time to get a fixed rate loan. I've up-ed my repayments to Cahoot to try & pay this off quicker. I gonna CCA & Subject Access Request them on the loan for my own interest but not sure what I can clima as I don't have PPI, no late payments etc. However, I signed up for (ticked box online at application) for monthly fee rather that interest. Worked out to be £9.10 per month versus the Interest at £63 per month. If I signed up for monthly fee how the hell can the change that? I thought the "Consumer Credit Agreement" was there for our protection.

	Subject Access Request A Subject Access Request is a demand which you can make to any organisation to disclose any personal information which they hold on you. The right to disclosure of data is provided by the Data Protection Act. There is no time limit. The organisation is obliged to reveal everything they have about you - which you ask for - as far back as you ask for. There are very few exceptions. It does not matter whether the data is held on microfiche, in an archive, on tape, in a cardex system, in sound recordings or in screen notes. Some companies are saying that they do not have to disclose where it would be difficult to do so - "disproportionate effort". This is untrue. Disproportionate effort refers to something else under the Act. If you are seeking bank charges information then you should ask for "all data held on you" and you should make it clear that you want everything as far back as it goes. Do not be put off by excuses. Do not accept being fobbed off. It is not in your bank's interest to make full disclosure to you. This means that it is in your interests to get it. If you have not started gathering your bank charges information yet, then you should start now. There will soon be a big rush once the OFT test case has been settled. Get all of your bank account informtion as far back as possible. At least as far back as 1995. If your bank says that they don't keep data as far back as this, don't accept it. Be persistent. They've got what you need in some form or other.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

	Credit Report Click link to open in new window.

[jellybabe]

Hi roboticboy,
i know what you mean. They were still doing fixed loans at the time i was asking for one to have my credit card and Flexi loan transferred into one.
But i am talking about a couple years ago.
Now they stopped them, and i think by putting the interest rate up to such a disgusting rate, they want to make us pay it off uicker as i believe they want to leave (or have done already??) the Loan market??
Anyway, they are not very helpful. Don't accept lower payments or anything else (at least for me they didn't).
And a Loan with a diff company is not an option, as i have bad credit and been refused several times. And every time i get refused it makes my credit file look worse.
It's a no win situation.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

	Credit Report Click link to open in new window.

[roboticboy]

Jellybabe - how do I do a auto signature like your above - I cannot find the tool.

[jellybabe]

Hi roboticboy,
if you mean the list of accts underneath my message then it's easy to find:
Left hand side on top of your screen somewhere it says "User CP", then you go on edit signature, save, and that's it. Easy peasy.
I think the signature only shows when you type a certain amount of words on your message. Not sure.

[roboticboy]

Just checking the signature - I found the CP bit

[KennyVinegar]

Hello

I also have a Cahoot flexi loan, have finally got my CCA after many months and a 12+2+30 letter, and even then it wasn't received within that deadline, and I had already cancelled my direct debit. They haven't hassled me again so far for last month's repayment but I'm sure they will soon. Anyway, what I want to know is...on the CCA it mentions nothing about me opting for PPI - unless you didn't apply for it online, for which it has a box for you to tick if you want it. How do I know I ticked/unticked the box for PPI when I applied online?? Has anyone challenged Cahoot on this?

	The Direct Debit Guarantee • The Guarantee is offered by all Banks and Building Societies that take part in the Direct Debit Scheme. The efficiency and security of the Scheme is monitored and protected by your own Bank or Building Society. • If the amounts to be paid or the payment dates change, we will notify you three working days in advance of your account being debited or as otherwise agreed. • If an error is made by us or by your Bank or Building Society, you are guaranteed a full and immediate refund from your branch of the amount paid. • You can cancel a Direct Debit at any time by writing your Bank or Building Society. Please also send a copy of your letter to us. This is a term of your banking contract and you can sue on it.

[roboticboy]

Can't help as I know I never take out PPI.

[jellybabe]

Sorry, can't help either. I never take out PPI.
May i ask a few things please?
When did you cancel your direct debit?Was it shortly after 12+2+30 days?
Did they hassle you while waiting for your CCA when Direct debit was cancelled?
Did they default you?
Thanks, and sorry i couldn't help with your query.

	The Direct Debit Guarantee • The Guarantee is offered by all Banks and Building Societies that take part in the Direct Debit Scheme. The efficiency and security of the Scheme is monitored and protected by your own Bank or Building Society. • If the amounts to be paid or the payment dates change, we will notify you three working days in advance of your account being debited or as otherwise agreed. • If an error is made by us or by your Bank or Building Society, you are guaranteed a full and immediate refund from your branch of the amount paid. • You can cancel a Direct Debit at any time by writing your Bank or Building Society. Please also send a copy of your letter to us. This is a term of your banking contract and you can sue on it.

[KennyVinegar]

As far as I'm aware I wouldnt knowingly take out PPI either because its a waste of time.

I cancelled my dd when i knew they'd got the 12+2+30 letter, they sent me an email asking if i could phone them, which i didn't, so they phoned me a a week or so later asking if I could make the payment but I told them about the letter and the woman said she would contact customer services, who obviously finally got off their arses and sent me the cca. But now i'm confused as to what to do

[jellybabe]

To be honest, i'm fairly new to this whole CCA thing. I think the first thing to do is to find out if the CCA they sent you is enforcable. I think the best thing to do is to have a look at this thread:
Various cca's
I believe you can post your cca there and surely someone will be able to give you some advice.
But do let me know how you get on. I might learn something aswell.

[jellybabe]

by the way, did they default you when you cancelled your DD?
Coz that is what i'm scared off.

[KennyVinegar]

No they haven't defaulted me, I haven't heard anything off them since the phone call, which I find a bit strange. my next payment is due soon though but i suppose since they sent me the cca i should pay it. Thanks for the link though, I'll have a read through.

	Record your calls Follow this link to read the review of the Truecall telephone recorder and call manager. This is the Rolls Royce of call recorders. It's a bit pricey but if you buy it with our special offer you will get it at cost: about 20% discount. How much do we make on the deal? - Nothing at all. You can also buy cheaper devices from Maplins. Truecall is the best - but the important thing is to record your calls.

[jellybabe]

your welcome, sorry i can't be of much help, but i'm sure you get your questions answered on the above thread.

[KennyVinegar]

I asked on the moneysavingexpert forum and someone replied saying i'll probably have to start paying the DD again seeing as I have now got the cca (regardless of it being outside the timescales). I'm going to send them a letter asking if they can prove that I opted for PPI, because from all the information I've had from them - some of it being every action I've ever made on the website - I can't see anywhere that I've ticked (or unticked) the PPI box.

[jellybabe]

That's what i thought. BUT only if the CCA supplied is a enforcable one. Did you get that checked??

[KennyVinegar]

no haven't had it check yet but have got details of the prescribed terms a cca must have from moneysavingexpert, so will have a look at those and check against mine.

I sent my letter off last week anyway, asking for my ppi back Here's hoping...