Student Overdraft - Credit Rating

edited 30 November -1 at 1:00AM in Credit File & Ratings
6 replies 754 views
JohnLockJohnLock Forumite
74 Posts
edited 30 November -1 at 1:00AM in Credit File & Ratings
Hi,

Did you know a student overdraft affects your credit rating?
I have a £1500 overdraft and have been using it to buy food, travel expenses etc.
Last month it was -£1,100 balance.

If I bring the balance back to 0 every month, will this improve my credit score?
Is it definitely the last day on each month I should do this ... I'm worried that it's another day my bank uses to tell the credit agency?

Replies

This discussion has been closed.
Latest MSE News and Guides

Card providers to reserve up to £100

When you pay at supermarket fuel pumps

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals