Halifax judge you by behaviour score only?

YorkshireBoy

backinbusiness wrote: »

I did this and discovered I could access (if I wanted to - but I don't) - £5K:eek:.

How recent was this? And do you know if they externally credit searched you?

opinions4u

YorkshireBoy wrote: »

And do you know if they externally credit searched you?

They certainly didn't used to for overdrafts. Unless they were referred for manual underwriting.

sscott5581

YorkshireBoy wrote: »

How recent was this? And do you know if they externally credit searched you?

You have been able to do this with Halifax since the available overdraft limit previously shown was removed.

Click on apply/increase overdraft, enter 9999 in new limit required and submit.

My available overdraft is £4000 as shown.

YorkshireBoy

opinions4u wrote: »

They certainly didn't used to for overdrafts. Unless they were referred for manual underwriting.

Thanks. That was the case a couple of years ago when I bagged a £10K facility (see post #13), but I'm now using this account as my main bills account and would like the safeguard an overdraft facility provides.

Problem is I'd rather avoid an external search at the moment, hence the question on their current policy.

QuantumSuccess

sscott5581 wrote: »

You have been able to do this with Halifax since the available overdraft limit previously shown was removed.

Click on apply/increase overdraft, enter 9999 in new limit required and submit.

My available overdraft is £4000 as shown.

Hi - thanks, that is very interesting. So did you rack up an external credit search from that?

Also, now that you "know" your guaranteed overdraft with them is £4000 does it mean that if you request your OD limit to be £4000 it will be automatically approved online without further ado?

backinbusiness

Quantum Success - No external credit check for the o/d facility and yes, if you were to then key a request for the (above example) £4000, it would be changed instantly. My external credit score is not what it should be, however I've managed to keep the bank account afloat (just) at all times - the o/d is mainly governed by your internal behaviour score. Let us know how you get on.

ps it was in the last 6 weeks or so

QuantumSuccess

backinbusiness wrote: »

Quantum Success - No external credit check for the o/d facility and yes, if you were to then key a request for the (above example) £4000, it would be changed instantly. My external credit score is not what it should be, however I've managed to keep the bank account afloat (just) at all times - the o/d is mainly governed by your internal behaviour score. Let us know how you get on.

ps it was in the last 6 weeks or so

I just decided to try this out by applying for an amount I thought was beyond what they'd approve - £5000. What it did was immediately apply the £5000 new overdraft limit to my account. So I still have no idea what my "guaranteed" overdraft limit is (it's not a matter of life and death - I'm just curious). I may as well leave the £5k on there as a buffer now that I've got it...:rotfl::rotfl:

backinbusiness

Quantum - be brave and go for the £9999 - then you'll know for sure, however I suspect the £5K will be your maximum.

QuantumSuccess

backinbusiness wrote: »

Quantum - be brave and go for the £9999 - then you'll know for sure, however I suspect the £5K will be your maximum.

It might be bad form to "apply" for overdraft increases twice in one day (might make me look desperate)? I may give it a go next week though lol

Is £5000 usually the maximum they give out?

backinbusiness

No - not bad form - I did exactly the same - ramped it up by £1K each time. £5K is what I've read here more often than not, having said that a previous poster reported £10K.