Halifax Overdraft Credit Scored?

auto-man

Azrael_1701 wrote: »

40% Apr if I am not mistaken.....

. I'm presuming it's only a month and not long term

auto-man

And it's 3% per month. 40% would be like £120 per month on top lol

jen245

I have one on mine, even though I will never use it. Just put it on to help build internal rating as I don't use it as my main account, seems to have done the trick as they've given me a cc now. Theres no harm In having the overdraft on there, just don't use it!

auto-man

I only have £100 but never used it

samwsmith1

jen245 wrote: »

If you do it online, enter 9999, and it will tell you what your guaranteed limit is, and if you go ahead, you won't be credit searched

Thanks for that, just told me I've got a £100 guaranteed so have got it just in case.
Is the first £250 free like First Direct or will there be charges on it?

auto-man

I think 100 is basic amount. Mines like it for 3 month now.

Maybe I just scraped through and they need history for few more month? Not to sure.

chambta

auto-man wrote: »

If it's not going to be used what is harm in taking it just in case

You're right of course.

auto-man

On ultimate first £300 is free. I am explaining it if you read last posts up there

auto-man

chambta wrote: »

You're right of course.

It's better than a bounce or fee as you can pay in the same day and it's only £1 hah.

I think it may help scoring somebody said on diff post.

Azrael_1701

auto-man wrote: »

And it's 3% per month. 40% would be like £120 per month on top lol

APR is calculated over a year, not a month. Annual Percentage Rate.