My question is this:
I have a dispute with a loan company over the last payment on a loan. They say I still owe £99, and I say I paid the loan in full. Now they are harassing me to pay this £99, which I do not owe. They say if I do not pay it, they will report it as a default on my credit report, which will lower my credit score.
I am in the process of buying a property and cannot afford to have my credit score lowered, as it may cost me the mortgage and the property.
I do not owe them £99.
In some situations you have to ask yourself, do you want to be right, or do you want to be successful?
You may be right in that you have paid the loan in full, and do not owe the lender £99. However, unless you can prove this to them to the point they accept the fact, they may and can report the loan to the credit bureaus and it could impact your credit score.
If you pay them the £99, then all is done and your credit is not affected and you get your mortgage and property.
You may be right, you do not owe the lender £99, but if you want to be successful in the end, you may need to pay the £99.
Ask for documentation how they come up with this figure of £99.
To lose out on a mortgage and property for £99 would be a huge loss, for a much smaller sum.