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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

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