Getting the best credit rating... and deliberately in debt

plastik_2

I currently have an instant access ISA savings accounts - which I tend to max out each year - (working towards a house deposit within the next 4 years).

I also have a student bank account, that has been interest free for 4 years and will remain so for another 3, it has a £2000 limit, which, I'm regularly close to, but never go over, and it rarely goes into positive - when it does go into positive it is taken out within a couple of days and is usually paid into the ISA.

I also have a credit card that is mainly used as a backup when I have maxed out my overdraft and waiting for the next pay day - but I never pay interest on it.

I'm under the impression the ISA does not appear on credit ratings and that lenders like high profit with low risk - in other words people who always pay off debt and never default, but always have debt, - so people who appear to pay high amounts of interest/profit to the bank regularly.

Currently I'm not paying any interest on my overdraft and so the bank is not making profit from me. Even so, will deliberately keeping my overdraft in negative and thus giving the impression that.... I'm likely to continue staying is the red, but always maintain payments... help improve my credit rating or not affect it in the slightest?

Maybe in short all I'm really asking is... do interest free overdrafts appear the same on credit ratings as overdrafts with high interest?, and if so then am I correct in keeping it red and yo yo-ing it between £0 and -£2000.

Im working on the assumption the bank will love someone who always pays but never goes black, whilst also being able to acquire a decent deposit when I apply for a mortgage.

Any thoughts?

mclaren32

When I was a student and also after graduation I used my accounts in exactly this way and it never seemed to do my credit file any halm and I have recently secured a mortgage with relative ease.