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Experian showing bank account as credit account?
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gigi7
Posts: 62 Forumite
Hi
I have checked my credit report with Experian and it shows my current accounts as 'non revolving credit'. I understand this type of credit to be a borrowed lump sum payed back in installments?
I have more than one current account as I keep bills and wages separate, and I am third party on an elderly relatives account in case of emergencies. They are all showing as non revolving credit.
But I have no loans at all, nor does my relative. One of my accounts has an overdraft facility which I don't use.
Can someone explain if this is normal? Are current accounts seen as credit accounts? If not, is there a reason why they are showing like that on experian?
Thanks
I have checked my credit report with Experian and it shows my current accounts as 'non revolving credit'. I understand this type of credit to be a borrowed lump sum payed back in installments?
I have more than one current account as I keep bills and wages separate, and I am third party on an elderly relatives account in case of emergencies. They are all showing as non revolving credit.
But I have no loans at all, nor does my relative. One of my accounts has an overdraft facility which I don't use.
Can someone explain if this is normal? Are current accounts seen as credit accounts? If not, is there a reason why they are showing like that on experian?
Thanks
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