Overdraft 31 January 2011 at 8:38PM in Debt-free wannabe 4 replies 598 views

MasterPoo

Hello Everyone,

I was wondering does dipping into ones overdraft monthly/occassoionally have an negative impact on my credit rating/score, e.g. I tend to dip into my overdraft usually the day before payday due to impulse buy/ not really needing too?

Many thanks.
MasterPoo

the_insider

If it's an agreed overdraft then it wont. That's what it's there for. As long as you're not in it all month then you'll be OK.

bottleofred

Hi,

As long as you don't exceed it and continue to service it (clear it monthly), it should be fine.

MasterPoo

Great, THANK YOU!!! (and Yes its an agreed overdraft which I only ever use about £50),once again, THANkYOU

goodgirl80

I love your user name