Could Natwest stop my overdraft.

festering_plates

I have been banking with Natwest since my 15th birthday but only rencently given a current plus account (November last year when I turned 21) with a overdraft facility of £200 which I then increased four times while backpacking around India. When I arrived home I opened a letter to say my overdaft was refussed and then the other four letters what said the amount was increased suscessfully. I don't really understand it at all!! I'm worried that if I pay the overdraft back in full they will cancel that account and I'll be back at the solo one again. Could they do this? I have money consistently going inro that account. One more thing I checked my experian credit report and it has no mention of a overdaft on it and it was updated recently, I do have 2 ccjs. Any advice? Thanks.

jonesMUFCforever

They have probably got information about the CCJ's which IMO means any further borrowing will be refused.
Most banks rely on an internal credit score for overdrafts but will consult one of the main credit scoring agencies either monthly or quarterly to update your credit file with them.

Your problem as I see it is that when you were away less money would have stayed in your account whilst their lending to you increased.
I would contact them to ask whether they will let you keep the o/d facility if you stay within it but I would also try to sort out those CCJ's and get them satisfied or you could find it difficult to get any decent rate loans, credit cards etc for the next 6 years.