Potential old payday loan

peterf83

Hi,

we're in the process of selling our house, it's on the market and we've had some positive viewings.

One thing that has worried me is that I took out a loan with Mr Lender, almost exactly a year ago and paid it off within 5 days of taking it out. Stupid I know, I was close to the end of my six year period of no payment issues and getting credit was difficult, now not so much.

I hear that it is unlikely I will get a mortgage if you have taken a payday loan put within a year. I'm not sure whether Mr Lender is considered a payday loan or not. I have signed up to all three credit reference agencies and on both experian and credit call this is listed as an installments loan. I was under the impression that if the loanwas specifically a payday loan that it would show as such?

How do mortgage providers know whether a loan is a payday loan or not?

Equifax doesn't appear to show closed accounts?

peterf83

Not sure whether it matters or not but we have got an agreement in principle through habito