Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Davegeo
    • By Davegeo 11th Jan 18, 5:13 PM
    • 27Posts
    • 2Thanks
    Davegeo
    Credit balance too high
    • #1
    • 11th Jan 18, 5:13 PM
    Credit balance too high 11th Jan 18 at 5:13 PM
    I recently took out a £25k loan to cover costs of starting up a business as well as providing a cash buffer for said business, but have now seen it appear on my credit file as a balance of £27,749 - does anybody know why this is and if the difference is likely to have much effect on my rating (which has obviously taken a hit as a result of the loan anyway)?

    - Dave
Page 1
    • zx81
    • By zx81 11th Jan 18, 5:15 PM
    • 14,872 Posts
    • 15,698 Thanks
    zx81
    • #2
    • 11th Jan 18, 5:15 PM
    • #2
    • 11th Jan 18, 5:15 PM
    It is probably being reported as the total amount payable.

    The difference is negligible in terms of how lenders will view it.
    • Gary_Dexter
    • By Gary_Dexter 11th Jan 18, 7:32 PM
    • 366 Posts
    • 198 Thanks
    Gary_Dexter
    • #3
    • 11th Jan 18, 7:32 PM
    • #3
    • 11th Jan 18, 7:32 PM
    And ignore your rating/score
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

216Posts Today

1,941Users online

Martin's Twitter
  • RT @clq: @MartinSLewis You hit that one right out of the park. It might be the Tweet of the Century. I don't think anyone can do any Batter?

  • You've run-out of puns. That's a bit of a googly, maybe I can help break your duck, though it is s sticky wicket, t? https://t.co/nJT51NpXfO

  • RT @richlaing: @MartinSLewis Obviously spot poll but interested in the fact that 9% would opt out of donation. Interested to hear reasons w?

  • Follow Martin