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New Visitor
Posts: 1
Registered: ‎06-25-2007

Loan Balance Reported Wrong

I recently took out a loan to consolidate some high interest credit card. The amount was around 5100.00 when the company reported it to the credit bureas the balance showing is what i will have paid after the life of the loan at 60months.So it apears i borrowed alot more than i did.Any help or advice would be appreciated thanks.
Frequent Contributor
Posts: 351
Registered: ‎04-02-2007

Re: Loan Balance Reported Wrong

[ Edited ]
Call the lender and tell them that they aren't reporting the correct balance.

Message Edited by HouseHunter on 08-19-2007 09:31 PM
New Member
Posts: 21
Registered: ‎03-30-2007

Re: Loan Balance Reported Wrong

Call them & order a pay off for the loan.   They will tell you the amount.   I best there was some closing costs in the loan that you were not aware of.

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