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Payday Loans and credit reports...


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Hi all,

 

I've been scrutinising my Noddle credit report and will be comparing balances to what I've paid off over the last 12mths or so.

 

What I wanted to query was about some high street payday loan lenders, such as H&T, Albemarle & Bond etc. I have standing orders set up to repay such loans but there is no sign of any of them on my credit file. I am going to stop the SO to Albemarle & Bond as they sent me a statement recently in which the balance is growing, not reducing. But, whats the deal with the other lenders?? I know morally I have to repay them and I am but what is the legal stand point?

 

I ask because dx100uk often talks about debts not being on cra's and so being a 'cash cow'. Maybe I've grabbed the wrong end of the stick and it is strange that some of them havent even contacted me about outstanding balances.

 

Just wondered what the dealio was with this situation.......

"In this situation, you know what you have to do? Just keep swimming, swimming, swimming." Dory - Finding Nemo.:wink:

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You need to check all 3 credit agencies to be sure. Noddle is free, yes, but it is also the slowest to update and doesnt contain all your record.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Nope. Everything goes on to the same report.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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