how bad is going over your overdraft?

thewinkshow · 26 November 2006 at 4:37PM

just gone over my overdraft by 3 pound,i will now be charged £30 for this.this is the first time ive gone over in ages.will this have any lasting effect on my credit?do these actually show up on your credit report at all?if so do they get wiped off after a while

thanks

Bokken_2 · 26 November 2006 at 4:45PM

No.
But it will affect your relationship with your bank unless you go in see them explain it was all your fault and you are "sorry and could you raise my overdraft to stop this unique event from happening again".
While you are there ask for the bank charges to be refunded to your account as this the first time it has happened for ..... months,years etc.
Say please and thank you a lot and book an appointment with the personal banker and get your point across firmly but politely and don't waffle.
Good luck.

thewinkshow · 26 November 2006 at 4:56PM

cheers mate

finallydebtfree!! · 26 November 2006 at 4:58PM

I compained about being charged because I went over by just 26p, told them it wasnt justified to charge me £25 for that, and they refunded me with no hassle at all!

thewinkshow · 26 November 2006 at 5:08PM

yeah it does seem a bit steep doesnt it.would u say it would have no lasting effect on your credit?

jamesd · 27 November 2006 at 8:15AM

Depends on how or if they report it to a credit reference agency. Apologising for your mistake is one way you may reduce the chance of that. If you need a larger overdraft to cover the routine varations in when debits and credits happen on your account, ask for that as well. Getting a larger facility and not using it beats the alternative!