Increasing Overdraft Limit and Credit Score/Checks

dc110

Hope that's clearer.

Wasnt a critiscism, merely clarifying for others who may have been reading

gazelle8760

Wraggy wrote: »

Hi. I have a Halifax Student account at the moment, and I was wondering whether me asking for a bigger interest free overdraft requires a credit check (and be recorded on my credit record). I asked to increase my current overdraft limit a few months ago, but I wasn't successful, and I was wondering if asking again was a bad idea if it would go down on my credit report. Thanks for any help!

You say Student Account, are you working as well? How do you fund your current borrowings, and why would you want to add further debt? The Halifax probably think you have enough borrowing, hence their refusal, asking again is not likely to change their minds. They may Credit Search you, and each search lowers your score, so perhaps it is best to be happy with what you have, and if the Halifax wish to help you further, then I am sure you will be the first they will notify.