Is using arranged overdraft bad?

rb10

Mikeyorks wrote: »

Are you an alias for YorkshireBoy? He always does that to me .... but times it better ... generally just 1 minute in front!

Yeah, YorkshireBoy thought he was getting too many stars under his name so decided to pretend to be a newbie (in order to annoy another Yorkshireman) :rotfl: :rotfl:





(P.S. No, I'm not!!!)

milfordmadness

Mikeyorks wrote: »

Are you an alias for YorkshireBoy? He always does that to me .... but times it better ... generally just 1 minute in front!

he edited the post and changed it all to match yours - LOL cheeky sod

Grade_A_Reject

It also depends on who your arranged overdraft is held with and what charges they make for using it. My arranged overdraft with First Direct for £250 incurs no charges for using it. A similar arranged overdraft with the Halifax Reward account would incur an uncapped £1 a day.

the182guy

What if you needed some extra money for an emergency? E.g. car dies and can't get to work.

It's worth taking a look at where your money goes each month, you might find a few things that you could do without.

Jay08

It is bad because the amount you are using on your overdraft will show up on your credit rating and will lower your score, it will count as debit owned to the bank. Keeping this clear will sure help you in the future.

JoeCrystal

Really? The only overdraft I got on it own current account for online purchase was 10p... would that show up?