Yes, it does seem that cahoot have purposely introduced this high rate to get rid of all existing customers, and will continue to do so until that side of the business can be wound up. Unfortunately, i cannot see anything in their terms and conditions that states they cant do this, whether it seems fair to us or not, and im not sure that the FSA can do anything about it just on the grounds of fairness. Afterall, it doesnt state in the terms and conditions that they will be fair! But good luck to anyone who tries.

As far as selling everything to pay off the loan, ive been doing that for the last three years just to get this far! Having done so, this now feels like a slap in the face for trying. I couldve increased the loan to the maximum i could get, n then file for an IVA so they would lose the money, instead i want to pay it all off.

Does anyone have any ideas about loan companies who would be willing to take it over? that would not charge such an extortionate rate?