Check your money details

For a card, enter the current outstanding balance and current rate, then check for new purchases after the statement date. For a loan, identify whether the statement shows outstanding capital, total remaining repayments including interest, or an early-settlement quote. They are not interchangeable.

£12,000 capital at 11.9% with £266.33 payments estimates about 60 payments in Ledger. Entering a total repayment balance and adding the APR again counts interest twice. Select the matching balance type and check against the lender’s remaining term.

• The current balance and the date it was measured.
• The correct balance type and debt category.
• The current contractual rate or APR estimate, and any 0% end date.
• The required payment, payment date and remaining instalments.
• Fees, arrears, special repayment terms and any final balloon payment.

You do not need to guess how many historic payments you have made when you know the current balance. Never substitute the amount originally borrowed for the amount still owed.

When available, a read-only feed can bring in balances and transactions supported by the connected account. It does not reliably supply your loan contract, APR, settlement rules, all remaining payments or every account you own.

A £266.33 payment to a lender does not tell Ledger how much was interest. Repeated merchant names can suggest bills, but you still need to confirm the correct item, amount and frequency. Pending payments, refunds and account transfers need checking.

Read-only access does not move money. Review the actual consent screen and renewal terms when linking becomes available; provider and bank requirements can change. You should be able to withdraw access without sharing your bank password with Ledger.

£200 owed on a card with a £1,000 limit is 20% usage. Loans do not belong in that balance-to-limit calculation because their balance is not a reusable credit limit.

Loans, mortgages and finance still matter to lenders, affordability and credit records. Ledger lists them as other borrowing. Its usage indicator is educational, not a credit bureau score or a prediction of approval.

1. Compare Ledger balances with current statements.
2. Check rates, promotional end dates, fees and required payments.
3. Review bill amounts and confirm that paid labels match real payments.
4. Correct savings that are virtual or counted twice.
5. Update your income and spending; repeat immediately after any significant change.

Use the provider’s official flow, check the requested permissions and never send passwords or one-time codes to someone offering to help. Unexpected requests to move money should be treated with caution.

Further reading: MoneyHelper on open banking.

These guides are general education, not personal financial advice. Check your lender’s statements and terms before changing payments. If essentials or repayments are unaffordable, get free debt help rather than borrowing more.