Can Lenders See Balance History??

bradztheman

If lenders do a credit search, can and are they allowed to see your balance history??

StrangelyBrown

I'm sure an established expert will be along to set me straight, but they can only see the original loan value, current balance and the payment history (i.e. did you pay each month or not).
From that they may be able to deduce the amount you paid each month (by assuming regular repayments) and hence the historic balance, but I doubt they do this in practice.

happy_bunny_2

They also know if you paid the minimum each month, as there is a marker for this.

Hazzinho

Yes they can see the previous 6 years of history and payment status.