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DarrenT

Cahoot FlexiLoan APr hike and PPI

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Hello,

 

Sorry I know this has been covered numerous times before.

 

I took a Cahoot FlexiLoan out in 2003 at I believe approximately 5.9% or 7.9% which then rocketed yup to 23%.

 

I also believe that I was sold PPI with this loan.

 

I took an initial loan out of 2500 and made my payments until 2010.

I then received a letter from Moorcroft Group in 2012 collecting of this loan with interest at £4686.

 

 

I have now paid the full amount off and feel that it was unfair and that ultimately due to the interest hike I was forced into Financial hardship.

 

I defaulted in October 2011.

 

I wish to complain to Santander the now owning body of Cahoot, has anyone had success with these complaints recently?

 

Plus any help in how to go about it would be great.

 

Regards and thank you in anticipation.

 

Darren

 

Oh,

 

I have recently had TSB and Barclaycard review and refund their PPI and interest.

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Darren, it might be worth sending a Subject Access request in order to obtain all the information regarding the loan. Then you will be better informed.

 

That seems an incredible hike from even 7.9% to 23% ?

 

The SAR will cost you £10.00 they will have 40 calendar days in which to respond. If you have been mis sold PPI you will then need to complete a spread sheet using the statements that you will receive via your SAR - complete the FOS complaint form which you can obtain from their website then, making sure you take a copy of both the FOS form and the spread sheet, send to the bank asking for the refund.

 

It will not be a quick process so you will have to be patient.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?387306-Full-Subject-Access-Request-**Updated-January-2015**%281-Viewing%29-nbsp

 

Draft SAR request ^^^

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011%281-Viewing%29-nbsp

 

Spreadsheets ^^^^


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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Thank you I will crack on with it.

 

Cheers

 

Darren

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:thumb:

 

Please keep us updated with your progress, any problems, just shout :)


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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