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Overdraft - Bad Credit Rating?
StudentSaver_2
Posts: 242 Forumite
Hello
A few months ago, Abbey gave me an interest free £100 overdraft. I never really used it until the past few weeks, when I have been in the red quite a bit. I've money coming into the account every week, so I'm constantly paying off the debt each Friday, but will being in the red so often give me a bad credit rating? Could this affect me when I go to apply for student accounts in September?
Many thanks
StudentSaver
A few months ago, Abbey gave me an interest free £100 overdraft. I never really used it until the past few weeks, when I have been in the red quite a bit. I've money coming into the account every week, so I'm constantly paying off the debt each Friday, but will being in the red so often give me a bad credit rating? Could this affect me when I go to apply for student accounts in September?
Many thanks
StudentSaver
0
Comments
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My partner is always overdrawn on his overdraft, charged rediculous amounts of money in charges and hasn't been able to get back in credit for months. First Direct have just offered him a current account with a overdraft.0
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If you never go over your overdraft limit this could be even good for your credit history. This shows that you can manage debt properly. :wave:StudentSaver wrote:... but will being in the red so often give me a bad credit rating? ...0
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