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Loan Balance Reported Wrong

New Visitor

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.
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2 REPLIES
Frequent Contributor

Re: Loan Balance Reported Wrong

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
Message 2 of 3
New Member

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.
Message 3 of 3