Should I switch back to a student account?

lizzeena

Hello...

I'm in my second year of a PhD which I started 4 years after finishing my first stint at uni. In the last year my graduate status has run out and I've noticed things like bank charges get much more expensive.

For this reason and for the possibility of an interest-free overdraft I'm considering asking my bank (HSBC) if I'm eligible for a student account again. However, I'm concerned that having a student account would affect the credit I can get on cards - I'm trying to shuffle.

Any advice on this is much appreciated. Thanks.

si1503

Although technically it is borrowing, £1000 or so is a pretty minimal amount and shouldn't interfere with your credit scoring in a negative way, providing you don't get into any difficulty in terms of paying it back or frequently borrowing above your limit.

Might be best posting this in the credit forum for a more definative answer.