Understanding your loan statement – Scratch

When you’ll receive it

You’ll receive your loan statement once a month. You’ll also be able to access it within your account under Payment History > Statements > Download.

What it includes

You loan statement will have all the basics of your loan for that month, such as your monthly payment, your remaining principal balance, interest rate, and due date. Basically, it’s a snapshot of the progress of your loan.

This is what it looks like

How do you read it?

The loan statement is divided into 4 parts.

The header
Current payment overview
Activity on your loan
Important additional information

1. The header

Here you'll find your personal information we have on file. The amount due today and most importantly, your loan title and number. This is like an ID number for your loan and account.

2. Current payment overview

In this section, we've broken down all you need to know about your loan at a glance. We want you to be informed!

3. Activity on your loan

This is the latest transactions for your loan. It also includes a breakdown of the current payment due, so you know where your money is going.

4. Important additional information

Lastly, the Additional information section shares specific account details regarding this months payment. For example if you have Autopay on, the amount, the date, and banking information is confirmed. Here you'll also find our support information and information on mailing a check.

If you don't see the information you need or have any concerns, feel free to contact us.

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