I do not know where to turn with this issue. I am about to download a template letter to send to First Plus, re the interest I am paying on a 30,000 loan taken out 7 years ago. So far, payments have amounted to over 18,000 and my balance looks like it's still the same. Has anyone had any luck with template letters to this company, re renegotiating the loan to fairer terms? Thanks
C
claire waudby
12 years ago
Still awaiting a reply from the ombudsmen and FCA about this one.
Has anyone challenged this legally?
S
Sasha Dixon
12 years ago
This surely is a bigger scandal then PPI. Being allowed to charge inflated interest rates above the Bank of England Base rate is criminal. I really hope the government is listening !
L
Lisa Hudson
12 years ago
Been with Firstplus since beginning 2006. They mis-sold PPI which we are in the process of reclaiming & they didn't payout the the cash back at the end of the 5yrs. I've found out today that the base rate they say they follow FHBR actually sits at 1% & the interest on our loan is currently 10.2%.
A
Andrew jeans
12 years ago
Never ever received an interest rate drop but had 3-4 increases since 2006,
S
Sharon White
12 years ago
My loan was taken out in 2006 I was successful in my claim for PPI despite their initial denials. There have been several interest rate drops since the loan was taken out, none of which were passed on, could not get a definitive answer as to why when I called and I am concerned now that rates are about to rise, that they will hike the cost up even more.
C
Chris Battersby
12 years ago
Just at the investigation stage, so not sure if I have a claim or not. Rang Barclays a while ago and was told there was no PPI on loan, but subsequent information leads me to believe that may not be the case.
N
neil crosthwaite
12 years ago
its about something was done about these rates its stinks
S
Simon Troake
12 years ago
I think these loans are unethical to charge such high interest rates during a time when interest rates are so low.
R
Robert Powell
12 years ago
Still paying off a loan after many years - the loan repayments havent decreased at all despite BoE interest rates consistently falling and now standing at 0.5%
A
Anonymous
12 years ago
I worked for Barclaycard, AKA First Plus. the most corrupt con men work there. I reported them to the police, they sent one of their staff around dressed as a police officer, then corrupted the poilce which allowed them to try and kill us with chemicals in our own home, again they stopped the police investigating. They use their fraudulent IT services Manager who thinks he can take over the whole of the area. They should be investigated. Forget the interest rate they should be in prison for fraud and criminal activity including faking peoples bills, card fraud and organised crime including corrupting police officers. one of these guys has a copper outside everytime he walks to his car - so the criminal is protected but his victims arnt - total mafia, well know in the USA. They are SCUM.
J
J Sygrove
12 years ago
We are being ripped off and its wrong
K
keith nash
12 years ago
Its a disgrace while the greedy bankers rob the poor at every opportunity morally bankrupt toads shame on Barclays I hope everyone who can closes their accounts with them.
K
Karen Faulkner
12 years ago
We have a secured loan with First Plus who have continually raised interest rates but never decreased them in line with the Bank of England rate.
T
T Gray
12 years ago
Crippling interest rates since the start. Getting ridiculous now!!!
T
Temilade akindele
12 years ago
Joining the battle against unfair treatment
T
Teresa Ward
12 years ago
Shocking interest rates
C
Claire godwin
12 years ago
Shocking - our loan is now £250 more a month than when we started it because of the interest rates
D
denise
12 years ago
No reduction in rates once bank base rates went down what a rip off...Barclays should be made to sort this out and refund overpaid interest.
Not yet!
I do not know where to turn with this issue. I am about to download a template letter to send to First Plus, re the interest I am paying on a 30,000 loan taken out 7 years ago. So far, payments have amounted to over 18,000 and my balance looks like it's still the same. Has anyone had any luck with template letters to this company, re renegotiating the loan to fairer terms? Thanks
Still awaiting a reply from the ombudsmen and FCA about this one. Has anyone challenged this legally?
This surely is a bigger scandal then PPI. Being allowed to charge inflated interest rates above the Bank of England Base rate is criminal. I really hope the government is listening !
Been with Firstplus since beginning 2006. They mis-sold PPI which we are in the process of reclaiming & they didn't payout the the cash back at the end of the 5yrs. I've found out today that the base rate they say they follow FHBR actually sits at 1% & the interest on our loan is currently 10.2%.
Never ever received an interest rate drop but had 3-4 increases since 2006,
My loan was taken out in 2006 I was successful in my claim for PPI despite their initial denials. There have been several interest rate drops since the loan was taken out, none of which were passed on, could not get a definitive answer as to why when I called and I am concerned now that rates are about to rise, that they will hike the cost up even more.
Just at the investigation stage, so not sure if I have a claim or not. Rang Barclays a while ago and was told there was no PPI on loan, but subsequent information leads me to believe that may not be the case.
its about something was done about these rates its stinks
I think these loans are unethical to charge such high interest rates during a time when interest rates are so low.
Still paying off a loan after many years - the loan repayments havent decreased at all despite BoE interest rates consistently falling and now standing at 0.5%
I worked for Barclaycard, AKA First Plus. the most corrupt con men work there. I reported them to the police, they sent one of their staff around dressed as a police officer, then corrupted the poilce which allowed them to try and kill us with chemicals in our own home, again they stopped the police investigating. They use their fraudulent IT services Manager who thinks he can take over the whole of the area. They should be investigated. Forget the interest rate they should be in prison for fraud and criminal activity including faking peoples bills, card fraud and organised crime including corrupting police officers. one of these guys has a copper outside everytime he walks to his car - so the criminal is protected but his victims arnt - total mafia, well know in the USA. They are SCUM.
We are being ripped off and its wrong
Its a disgrace while the greedy bankers rob the poor at every opportunity morally bankrupt toads shame on Barclays I hope everyone who can closes their accounts with them.
We have a secured loan with First Plus who have continually raised interest rates but never decreased them in line with the Bank of England rate.
Crippling interest rates since the start. Getting ridiculous now!!!
Joining the battle against unfair treatment
Shocking interest rates
Shocking - our loan is now £250 more a month than when we started it because of the interest rates
No reduction in rates once bank base rates went down what a rip off...Barclays should be made to sort this out and refund overpaid interest.