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Monzo overdraft passed onto PRA but credit report now shows a clear balance.
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Notoriousmama
Posts: 1 Newbie
Advise please.... Had a payment plan set up with Monzo (PRA) took over and all of a sudden on my credit report shows that I have 'paid' off all balance. I have been keeping an eye on my report and prior to PRA taking over the Monzo overdraft was showing on it but now it is no more. The outstanding balance was £1300...has christmas come early? Lol
0
Comments
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No, though it depends on how you're defining 'Christmas'.
It will probably reappear at some point. But regardless, it makes no difference to the validity of the debt.2 -
No, This'll be the transition period where Monzo have sold your debt to PRA.
PRA will add the account to your credit report shortly, and'll most likely show up on your next report update.2
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