Livelend Loan

murrays2

Good Morning,

I took out a small 1.5k loan last year with a company called Livelend. I am going for a mortgage soon, and I will have this paid off by then.

My question is this company a payday loan company? Stupid question I know. I don't think they are. I know payday loans are frowned upon at mortgage application.

Never missed a monthly payment with them and in fact I am paying it off early. Thanks.

boo_star

I wouldn't have thought so as the minimum term appears to be 12 months. You can always check your credit files to see if it's listed under the "short term loans" section. If it isn't it won't be considered a payday loan.

murrays2

Ah, no it was a small personal loan done over 2 years.