any better loans than 5.9%apr from cahoot ?
08 January 2004, 09:13 PM
#2
Scooby Regular
Join Date: Dec 2001
Location: Arborfield, Berkshire
Posts: 12,387
Likes: 0
Received 0 Likes
on
0 Posts
Some credit card is doing 3.9% apr for the life of the balance transfer. Pay on one card and then transfer to new card - cheap loan. Admittedly it relies on a) You having a credit limit to cover the loan you require, and b) Setting yourself a strict payback regime (i.e. loan you must pay x amount per month but on card you only have to pay minimim).
Simon.
Simon.
09 January 2004, 07:22 AM
#6
Scooby Regular
Join Date: Aug 2002
Location: Sodding Chipbury
Posts: 2,702
Likes: 0
Received 0 Likes
on
0 Posts
It depends how the interest is calculated, as well as what the APR is.
Some companies will calculate interest on the whole loan - for the complete term, at the start of the agreement, and apply it then or split over the length of the loan.
Others will calculate it on a daily basis and apply it (usually) monthly) - this is much better.
[Edited by MooseRacer - 1/9/2004 7:22:57 AM]
Some companies will calculate interest on the whole loan - for the complete term, at the start of the agreement, and apply it then or split over the length of the loan.
Others will calculate it on a daily basis and apply it (usually) monthly) - this is much better.
[Edited by MooseRacer - 1/9/2004 7:22:57 AM]
Trending Topics
09 January 2004, 08:35 AM
#8
Scooby Regular
Join Date: Nov 2001
Posts: 4,788
Likes: 0
Received 0 Likes
on
0 Posts
"Yeah but how do I convert a credit card into cash ??"
- with my card, when I set it up I transfered some of my balances onto the card, which benifit from the APR (e.g. Capital 1 3.9% for the life of the balance). You can enter your current account details and amount when you apply and they will forward the money into the account.
- with my card, when I set it up I transfered some of my balances onto the card, which benifit from the APR (e.g. Capital 1 3.9% for the life of the balance). You can enter your current account details and amount when you apply and they will forward the money into the account.
09 January 2004, 09:43 AM
#10
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
5.9% is a good rate, i've not seen better anywhere else to be honest.
Marks and Spencer, who are doing a loan "sale" are at 6.6%, and even that is competitive for a non-internet franchise.
Lock it in with Cahoot, you won't go far wrong imo.
Marks and Spencer, who are doing a loan "sale" are at 6.6%, and even that is competitive for a non-internet franchise.
Lock it in with Cahoot, you won't go far wrong imo.
09 January 2004, 10:02 AM
#11
Scooby Senior
Join Date: Mar 2003
Location: Next door to the WiFi connection
Posts: 16,293
Likes: 0
Received 0 Likes
on
0 Posts
aii did alot of lookin on the net for a good rate and cahoot was the best I found, finally applied for a loan on their web site 2 days ago and been accepted, just waiting on paperwork 
09 January 2004, 10:16 AM
#16
Scooby Regular
Join Date: Jan 1999
Posts: 5,786
Likes: 0
Received 0 Likes
on
0 Posts
Cahoot used to be notorious for quoting a low rate, but it was variable. Going to their website, I now see it is 5.9% fixed or 7.1% variable (WTF!). Hard choice!
NOT!
[Edited by imlach - 1/9/2004 10:19:19 AM]
NOT!
[Edited by imlach - 1/9/2004 10:19:19 AM]
Thread
Thread Starter
Forum
Replies
Last Post