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    • Davegeo
    • By Davegeo 11th Jan 18, 5:13 PM
    • 27Posts
    • 2Thanks
    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
    • #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
    • #3
    • 11th Jan 18, 7:32 PM
    • #3
    • 11th Jan 18, 7:32 PM
    And ignore your rating/score
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