Personal finance

How Paul got a loan refund

WHICH? member Paul Regis has received a cheque for £188 and an apology from the AA after being overcharged on a personal loan.

Last year, Paul took out a loan of £15,000 with the AA to pay for house renovation costs. He expected that he'd be able to repay the loan early, so shopped around for a loan with no penalties for doing so.

 


Select Type:
Card Rate Duration BT Fee Typical APR
Capital One BT Platinum Card 0% Until 01/11/2009 3.0% 15.9%
Virgin Credit Card 0% 15 mths 2.98% 15.9%
Capital One Platinum 0% Until 01/10/2009 3.0% 12.9%
Barclaycard Platinum 'As on TV' 0% 14 mths 2.9% 14.9%
Barclaycard OnePulse For London 0% 14 mths 2.9% 14.9%
Card Rate Duration Typical APR
Capital One Platinum 0% Until 01/10/2009 12.9%
Capital One Platinum Exclusive 0% Until 01/05/2009 9.9%
Halifax One Online Special 0% 10 mths 15.9%
Bank of Scotland 0% 10 mths 15.9%
Barclaycard Life of Balance 0% 10 mths 16.9%
Card Name Intro Duration BT Duration Typical APR
Capital One Platinum Until 01/10/2009 Until 01/10/2009 12.9%
Capital One Platinum Exclusive Until 01/05/2009 Until 01/05/2009 9.9%
Capital One BT Platinum Card Until 01/11/2008 Until 01/11/2009 15.9%
Halifax One Online Special 10 mths 10 mths 15.9%
Bank of Scotland 10 mths 10 mths 15.9%
Card Cashback
American Express Platinum 5% Moneyback for 3 months, up to 1.5% thereafter
Capital One Cashback 2% CB on £1,000 to £2,000 spend per statement period
Shell MasterCard - Citi 3% rebate on Shell fuel spend, 1% on other purchases
Barclaycard Cashback 4% Cashback until 30/09/08, 0.5% until 01/01/10
Card BT Rate Typical APR Duration
Citi Platinum Life of Balance 5.8% 16.9% Life of Balance
Barclaycard Life of Balance 6.5% 16.9% Life of Balance
Barclaycard Simplicity 6.8% 6.8% Life of Balance
Card Typical APR Interest Free Days
Barclaycard Simplicity 6.8% 56
Capital One Low Rate 8.5% 56
Barclaycard Low Rate Special 8.8% 56
Capital One Platinum Exclusive 9.9% 56
Card Loyalty Rewards
MBNA Platinum Rewards Card 1 point for every £1.00 spent
Blue Sky Card from American Express A point for almost every £1 spent
M&S Credit Card Earn M&S points every time you spend
Fees may apply
Select Type:
Card Typical APR Minimum Amount Maximun Amount
FirstPlus Exclusive Rate 6.6% Cheapest homeowner loan rate in the UK! For loans £10,000 - £100,000. Typical APR 8.1%
Moneyback Bank 7.6% Earn moneyback with payment protection. Typical APR 7.6%
Alliance & Leicester 7.7% Applying online takes 10 mins and you could have a decision within the hour. Typical APR 7.7%
Halifax (Semi-exclusive) 7.7% No repayments for first three months. Typical APR 7.7%
Bank of Scotland (Semi-exclusive) 7.7% Loans available from £7,000 to £13,000
No repayments for three months. Typical APR 7.7%
Barclaycard Personal Loan 7.8% Simple and quick online application. No arrangement fees. Typical APR 7.8%
Barclays 8.9% Existing customers can get an immediate decision. Typical APR 8.9%
Card Typical APR Minimum Amount Maximun Amount
FirstPlus Exclusive Rate 8.1% Cheapest homeowner loan rate in the UK! For loans £10,000 - £100,000. Typical APR 8.1%
Norton Finance 8.9% Homeowner loan for any purpose. Typical APR 13.9%
Ocean Finance 9.5% Loans for homeowners. Fixed for loan term available. Typical APR 14.9%
Central Capital 10.6% All circumstances considered. Typical APR 14.9%
Card Typical APR Minimum Amount Maximun Amount
Norton Finance 12.4% Homeowner loan for any purpose. Typical APR 16.4%
Ocean Finance 13.9% Loans for homeowners. Fixed for loan term available. Typical APR 14.9%
Everyday Loans Limited 59.6% A straightforward way to borrow money locally - as and when you need it. Typical APR 59.6%
Fees may apply
Compare Over 400 Loans
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Provider Account AER* Minimum Investment
ICESAVE Easy Access Account 6.30% £250
ICICI BANK HiSAVE Savings Account 6.16% £1
SAINSBURYS FINANCE internet saver 5.50% £1
Provider Account AER* Minimum Investment
CAPITAL ONE SAVINGS Easy Access Savings Account (Issue 5) 6.50% £500
EGG BANKING PLC Egg Savings Account (Internet) 6.30% £1
TESCO PERSONAL FINANCE Internet Saver 6.25% £1
ING DIRECT Savings Account 6.00% £1
Provider Account AER* Minimum Investment
ABBEY eSaver Direct 6.50% £1
ALLIANCE & LEICESTER eSaver 6.50% £1
CITIBANK Reward Saver (Issue 2) 6.15% £1
Provider Account AER* Minimum Investment
ICICI BANK HiSAVE Term Deposit 7.00% £1
ICESAVE 6 Month Fixed Rate Savings Account 6.86% £1000
ICICI BANK HiSAVE Term Deposit 6.70% £1
Provider Account AER* Minimum Investment
HSBC BANK PLC Cash e-ISA 6.25% £1
ICESAVE Easy Access ISA 6.10% £1000
Provider Account AER* Minimum Investment
WHITEAWAY LAIDLAW BANK LIMITED 90 Day Notice Account 6.26% £1000
Fees may apply

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