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Loan Question


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Hi everyone quick question, if there is such a thing! lol

 

How is a loan supposed to appear on your credit report?

 

I would think that it should be total amount borrowed (£xxxx) with the terms of payment (£xxx * 60).

 

BH have recorded mine as a Starting Balance of £6xxx (borrowed £5K), a Default Balance of £4xxx. Then it shows Terms of 1 @ £4xxx.

 

I had paid 21 – 22 payments until I missed payments and BH defaulted me then got a CCJ which was paid off in full. Have sent a SAR off just wanting to get a heads up on how things should be.

 

Thanks in advance!:-)

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  • 2 weeks later...

Wait for the SAR post up the reults I sure someone will be able to help with a little more info to

go on.

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