Should I ask to have a loan removed from my file if it was missold? 6 December 2021 at 11:39AM in Loans 2 replies 292 views

KeysMcK

Hi,

I had some success claiming from high interest Bamboo loans I had a couple of years ago. They agreed to repay the interest on a number of loans I had with them.

I did pay these loans on time, and in full so I haven’t asked for them to remove any traces of the loans from my credit file. Is this the right move? I’m not sure if high interest credit on my file will hinder me more than help even if paid in full. 

It was three relatively small loans (1000-2000). Again, will having numerous small loans in my file hurt me even though they were paid off in full?

Thanks in advance!

Ciaran

[Deleted User]

It's not a great look to have lots of interest-bearing borrowing on your files.

You could ask if they'll remove them, but it's doubtful, as the borrowing took place.

Thrugelmir

Did you apply for the loans and spend the money?