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Cooperative just cancelled my overdraft

Hi I’ve just had a letter to say that my bank are cancelling my overdraft due to information they’ve received from Equifax! I’ve checked my file and can’t see anything other than I went about £20 over my overdraft for one day last month for the first time ever!

Could this be it?

Is there anything I can do? Change banks but not great rewards at the moment.

Comments

  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    Are you using your overdraft?

    If you are you can ask them to reinstate it and have a reducing overdraft, where it reduces by a certain amount per week/month. This will result in an AP marker on your credit file which isn!!!8217;t great.
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