Noddle amount owing

Sazzie23

Hi

Sine I've been on a DMP I've finally started checking Noddle to keep up to date with exactly what I owe.

I seem to recall something odd happens with mortgage interest where it gets added annually or something? So presumably the Noddle amount shown us not the real figure that I owe, or am I making this up ?

Thanks for reading, would appreciate any useful comments/advice.

engineer_amy

My noddle account simply shows the outstanding capital (although about a month behind the actual balance because of the reporting dates)


My mortgage account shows each month the interest being added, and the next day my payment coming back off the balance. So the interest is calculated monthly.


Not sure about all lenders, but I would assume most would work in a similar way, and noddle should be showing the correct balance (possibly a month delay with timing issues)

Sazzie23

Ooh that might be good news then, I've been overestimating the amount owed so as not to get disappointed when the total shoots up again.

I'll try to check this out a bit more.