Thread: Another one stung by these robbers

I have had one of those "day light ROBBERY flexible loans" with Cahoot for a number of years. I was one of those victims who paid religiously only to have the rate ramped up from 7.9% to 14.9%. I complained then shortly after they ramped up the rate to 19.9% I believe. I CCA'd via a CMC who stated that the agreement had a number of breaches but were not prescribed term breaches and it would be touch and go if it was to go to court. Needless to say I can't afford to pay them and will never be able to pay the debt off. Any suggestions with regards attacking them on the unfair relationships issue etc. Surely these thieves can't and shouldn't be allowed to get a way with this blatent daylight robbery

Anyone

Is there only me who is miffed with these robbers?

You can see from my experience with cahoot, or whatever they want to call themselves accordingly, that we are well and truly shafted.
It seems quite legal to hike up an interest rate to such an extent that it will never be paid off.
Indeed the only saving grace is death !

The other thing about this bunch, most of debts have been defaulted. Other than you guessed it, they have continued to charge interest and in some cases charges even after sending my first DN. I'm currently making token payment and I was going to increase them until I received my latest DN's the amount has increased dramatically so basically they can go whistle now. I spoke to them last year and they assured me that no further interest or charges would be added. Unbelievable.

Pumpytums