Cahoot FlexiLoan APr hike and PPI

[DarrenT]

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.

[citizenB]

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 ^^^^

[DarrenT]

Thank you I will crack on with it.

 

Cheers

 

Darren

[citizenB]

 

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