Multiple accounts with overdrafts?
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lyle1993
Posts: 53 Forumite
I have three current accounts with different banks and they all have overdrafts in excess of £1000, one up to £3000.
a) does this negatively affect my credit rating?
b) would my credit rating improve if i was to remove the overdrafts?
a) does this negatively affect my credit rating?
b) would my credit rating improve if i was to remove the overdrafts?
0
Comments
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Your credit score might improve if if you reduce or remover your overdraft etc....0
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I have three current accounts with different banks and they all have overdrafts in excess of £1000, one up to £3000.
a) does this negatively affect my credit rating?
b) would my credit rating improve if i was to remove the overdrafts?
I have overdraft facilities on my Cahoot Lloyds and Nationwide accounts totally about £14k and has not affected my credit rating at all.0 -
It would probably depend if you are in the overdraft on all those accounts. If yes then it probably would have some effect not so much on your "score" but a lender probably wouldn't like it much. If your not in the overdrafts I don't think it would have an effect.0
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