Using Arranged Overdraft for 5 Days

maxximus75

As long as it's repaid within the reporting cycle it should not show.


I think you may be overthinking this. Overdrafts are a facility for occasional, short term borrowing and lendders know this. It is when you are constantly in your overdraft, month to month that it looks bad.


As the account is so new and you are only using the facility for five days, I think you will be fine.

xlnc99

thanks for the help guys

sourcrates

xlnc99 wrote: »

thanks for the help guys

It only matters a jot if you are applying for credit, and then only to a lender that has overdraught usage in its acceptance criteria, if you start to look for every tiny anomaly on your credit report, you will go bonkers.