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Can Egg terminate my loan?

Jinos · 2007-04-17 16:20:57

Hi all, I'm wondering if anyone has some words of advice... I have an Egg visa card with £500 outstanding, which I paid off today. I also have a loan of £8501 with 3 years left to run (originally 4.5 years). I got a phone call from them yesterday asking me to call them as it's been 1.5 years since I got my loan and they…

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---lee--- Posts: 921 Forumite

18 April 2007 at 5:52PM

Rafter, where did you get this information? According to the CRA's any company searching your credit file must inform the customer and all credit searches are recorded.

Credit agreements are worded to the effect that searches will be carried out during the application process and may be carried out in the future if you change your limit.

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Can Egg terminate my loan?

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