Current accounts and credit files

CocoPopsLover

My bank currently reported to experian and equifax and that I had a missed/late payment on my current account last month :mad:

I was overdrawn for 3 days due to a transfer taking 3 days rather than the usual instant transfer for some strange reason. This was not my banks problem so i do not blame them, it was the senders bank!

My question is, everytime I am overdrawn (no, i did not have an overdraft), will they report to the CRA's that I have had a late or missed payment?

I thought this only applied to credit agreements such as credit cards, revolving credit etc????

Kavanne

yes, everytime you are in unauthorised borrowing they can report it.

YorkshireBoy

http://experian.metafaq.com/resources/experian/Downloads/Credit_report_explained

See page 14

CocoPopsLover

Kavanne wrote: »

yes, everytime you are in unauthorised borrowing they can report it.

okay!

I have been overdrawn before but previously it was my fault and they never reported it so i was a tab bit confused as to why they reported it this time!!!

Well now I know, i wont get too suprised when looking at my credit file!

Its a bit of a bummer though when I had 2 late payments dropping off in september for yet another one to be added on this month:mad:

CocoPopsLover

YorkshireBoy wrote: »

http://experian.metafaq.com/resources/experian/Downloads/Credit_report_explained

See page 14

Thanks for that, I have never seen that!

A dd was reversed so it makes sense!!!!!!!!

what a shame! Oh well, only 12 months before it becomes less effective in regards to new credit applications!