Understanding my statements - definitions of all the elements | Guarantor Loans, Australia, Online | ClearLoans

Understanding my statements - definitions of all the elements

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Transaction Type What it means
Loan Paid Out The date the loan was paid out
Interest The interest charged on your loan
Payment Due Your regular monthly payment is due
Direct Debit Payment Received When your Direct Debit payment has been received
Direct Debit Payment Received - GT When the Direct Debit payment has been received from the Guarantor
Card Payment Received A payment was received by debit card
Card Payment Received - GT A payment was received from the Guarantor by debit card
Cheque payment received A payment by cheque was received
Cheque payment received - GT A payment by cheque from the guarantor was received
Card Payment Refund A payment was refunded to your card
Card Payment Refund - GT A payment was refunded to the guarantor’s card
Refund via bank transfer A refund was issued to your bank account
Refund via bank transfer - GT A refund was issued to the guarantor’s bank account
Refund via cheque A refund was issued to you via cheque
Refund via cheque - GT A refund was issued to the guarantor via cheque
Chargeback on card payment A payment was returned to you due to an issue you raised with your bank
Chargeback on card payment - GT A payment was returned to the guarantor due to an issue they raised with their bank
ClearLoans adjustment An item on your statement has been updated
ClearLoans payment adjustment An item on your statement has been updated
ClearLoans payment adjustment - GT An item on your statement relating to the guarantor has been updated
ClearLoans compensation payment A compensation payment has been issued to you
ClearLoans compensation adjustment A compensation payment has been updated
ClearLoans interest adjustment An interest payment has been updated

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