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Removing an overdraft
ilovemymonkey
Posts: 4 Newbie
I'm sure this has been asked before, but I couldn't find it!
I want to pay off and remove my barclays overdraft, will there be any negative effects on my credit file by doing this? I remember hearing something years ago that removal of any credit facility could have a negative effect as it's not clear on your file who has removed said facility...
Thanks
I want to pay off and remove my barclays overdraft, will there be any negative effects on my credit file by doing this? I remember hearing something years ago that removal of any credit facility could have a negative effect as it's not clear on your file who has removed said facility...
Thanks
0
Comments
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Unless there's a self-control issue, why not just leave the facility intact after paying it off, you never know when it might come in useful?2
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I agree with the banker - pay it off (there will be no charge just for having the facility) - you never know when you will desperately need emergency funds.0
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