Overdraft

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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

Comments

  • the_insider
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    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.
    Getting married 02.08.14
    Wins for the wedding: membership for a 'wedsite' and app, £35 gift voucher for party supplies shop, £50 worth of hand painted signs, 1kg of heart shaped marshmallows :money:
  • bottleofred
    bottleofred Posts: 2,902 Forumite
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    Hi,

    As long as you don't exceed it and continue to service it (clear it monthly), it should be fine.
    If you've nothing decent to say, perhaps you shouldn't say anything.

    £2 savings jar £300:D
    Total credit card debts £1250:mad::mad::mad::mad::mad: - Will I ever learn!!
  • MasterPoo
    Options
    Great, THANK YOU!!! (and Yes its an agreed overdraft which I only ever use about £50),once again, THANkYOU
  • goodgirl80
    Options
    I love your user name
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