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Santander overdraft.
bcfc1710
Posts: 133 Forumite
Hi
Firstly my credit is very poor.
Ive had santander account now for 18 months and they have finally aloud me to have a OD.
My queston is will that be based on there internal score or is it a sign my credit is improving?
Cheers
Firstly my credit is very poor.
Ive had santander account now for 18 months and they have finally aloud me to have a OD.
My queston is will that be based on there internal score or is it a sign my credit is improving?
Cheers
0
Comments
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A little bit of both.
If your credit rating was that horrendous they would not offer you an overdraft at all based on the monthly CRA feed.0 -
It's based on how you have operated your account, the credits into your account and the average monthly balance. You will notice that on your statement there is your average monthly balance. If your credit report is poor you may find that they will allow you an overdraft but not a credit card which is a bit wacky but there ya go.0
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It's based on how you have operated your account, the credits into your account and the average monthly balance. You will notice that on your statement there is your average monthly balance. If your credit report is poor you may find that they will allow you an overdraft but not a credit card which is a bit wacky but there ya go.
Oh right i see, so whats the max i should push my luck with, my average balance maybe??0 -
any branch can tell you your maximum overdraft limit0
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Do you think they would give me the 123 credit card? Or will they do an external credit check too?0
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Do you think they would give me the 123 credit card? Or will they do an external credit check too?
More than likely they will do an external credit checkHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
If you're being offered an OD then you're doing something right, congratulations! Any branch can tell you your limit, just ask!
I'd wait a while until you get the 123 though, it all comes in time!0 -
The desire for new debt never ceases to amaze me.0
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