We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Loan amount wrong on credit report - Advice???
Having taken out a £25k loan with the AA I was notified of a change in my credit report and went to have a look only to find that the AA had enterered the amount of the loan amount as over £42k.
I instantly phoned the AA only to be told that this was normal (they had included all the interest for the full period of the loan). I queried this with them saying that in fact I did not owe them that money now and therefore the figures were incorrect, and if anyone else looked at my credit report they would think I had much more debt than I do. They advised that this was the normal way loans are shown on credit reports.
Having had loans in the past I have never had this.... surely it can't be right as I do not owe the full 42K now?
Please help as I really want to challenge this if it is incorrect.
Thank you.
I instantly phoned the AA only to be told that this was normal (they had included all the interest for the full period of the loan). I queried this with them saying that in fact I did not owe them that money now and therefore the figures were incorrect, and if anyone else looked at my credit report they would think I had much more debt than I do. They advised that this was the normal way loans are shown on credit reports.
Having had loans in the past I have never had this.... surely it can't be right as I do not owe the full 42K now?
Please help as I really want to challenge this if it is incorrect.
Thank you.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards