RBS/NatWest CRA reporting

guesswho2000

Just had a look on my CR file through noddle, seems that as of this month my RBS & NatWest current accounts are reporting their overdraft limits, whereas before they only reported any outstanding balance...

Haven't seen whether Equifax/Experian are showing the same, but I was wondering whether this would have a negative effect on credit scoring (ie showing a larger "available" credit, utilised or not)?

Has anyone else noticed this?

happy_bunny_2

My overdraft limits show up on experian and equifax, not sure how that would affect available credit though.

Hazzinho

It's there so lenders can see your limit and how much of your overdraft you use. so if you're overdraft is nearly at your limit that is negative. if you are always in your overdraft that will also be negative. If you're always well into your overdraft it proves you are struggling to pay your current debts.

guesswho2000

Thanks for your replies, Hazzinho - I can understand that, and it does make sense that they're reporting the limits, I was just curious as to why, as previously they only ever reported a balance (or simply £0) but never the limit itself...

My thoughts come from the fact that, while I don't use my overdrafts (maybe £10 here or there) I have substantial overdraft limits on all 3 accounts, I wondered whether this would now potentially look bad to creditors, as it suddenly appears like I've got a whole load of additional credit available to me (sudden limit reductions from other lenders, declined for additional credit etc)?

happy_bunny_2

Now you mention it, my experian has always reported the limit, but equifax only reported the balance until August, when the limit also appeared.