Overdraft appearing on my Credit Report?

unidentified

Am amazed that it shows up simply because I don't ever remember signing a "credit agreement" to have an Overdraft Facility, but it must have been in the original signup process for the bank account somewhere. Just don't remember them emphasising or even pointing that out.

And for the invasion of privacy - I meant that it would be one if your current account balance was held by the CRAs - don't see why that should be any of their business or why they would need to know that.

As for the mortgage issue, does it affect your credit rating in any way and affect what credit you could/would receive?

whisp wrote: »

Mine does on both Experian and Equifax. Both have overdraft limit and current balance. Never gone anywhere near the limit though, and all green [0]s

Whisp do you mean your Overdraft balance or ACTUAL bank balance here when you say this?

whisp

unidentified wrote: »

Whisp do you mean your Overdraft balance or ACTUAL bank balance here when you say this?

My overdraft balance, there's nothing about the actual bank balance on it. When my account is in credit, the overdraft bit says £0.

whisp

Cash_Flow wrote: »

Maybe I have just been lucky then as me and the O/D are having an affair:eek:

So are me and mine lol.

I'm obviously unlucky as the bank seemingly tends to report to the CRAs at the time of the month I've gone into my overdraft :rotfl:

TastyTeeth

Odd! My bank account (and overdraft) are not listed on either Experian or Equifax. Is that right?

noah271007

Wait a minute, i thought banks do not report accounts with o/d showing overdrawn ....UNLESS it is over the limit or has not put any credit into accounts for a certain number of months.

I have my Lloyds bank account on credit file showing all with zero balance despite the fact i am using the overdraft most of the time. I got a small o/d of £250.

YorkshireBoy

noah271007 wrote: »

Wait a minute, i thought banks do not report accounts with o/d showing overdrawn ....UNLESS it is over the limit or has not put any credit into accounts for a certain number of months.

The CRAs report whatever the banks tell them. I have a £10K A&L facility and a £9,995 O/D balance for most of each month...and both figures are reported to Experian and Equifax.

I also have a £4K facility on my Yorkshire Bank current account, yet that isn't reported at all...because I've had it a very long time (pre-1998 - DPA revamp - was the cut-off if the accounts are managed well and there's only positive data to report).

I have my Lloyds bank account on credit file showing all with zero balance despite the fact i am using the overdraft most of the time. I got a small o/d of £250.

LTSB are notoriously late reporting account conduct...anything up to 4 months with credit cards I've held with them.