Unarranged overdraft

sasp1984

Hi, I wonder if anyone can help me. We went on an unarranged overdraft last week of £25. This was only because I forgot to transfer money from the savings. We have never used any overdrafts before and we have been managing our account well by paying all the bills on time. This was the first time it ever happened. We have been approved for a mortgage and waiting for the searches to be completed. I am worried if this will affect our mortgage and it will go on the credit file. This was sorted straight away as my husband got paid the same morning. Normally his money comes first and then that particular bill goes after that but for some reason the money that came in was a bit late. I am not sure if I am overreacting but I am really worried if this will affect our mortgage. Thanks.

[Deleted User]

If is was resolved the same day, it's unlikely to appear.

sasp1984

Deleted_User said:

If is was resolved the same day, it's unlikely to appear.

Thank you so much!!

GrahamsHill

It will only appear on you credit report if you were overdrawn when they report your account to the credit reference agencies. If you were overdrawn for a few hours before money went in then it won't get reported. 

sasp1984

GrahamsHill said:

It will only appear on you credit report if you were overdrawn when they report your account to the credit reference agencies. If you were overdrawn for a few hours before money went in then it won't get reported. 

Thank you!

Jamesyb123

The bank usually text or contact you to advise of something like this and if it was resolved the same day nothing will come of it

sasp1984

Jamesyb123 said:

The bank usually text or contact you to advise of something like this and if it was resolved the same day nothing will come of it

Thank you. We had a text message saying we went into an unarranged overdraft and we need to have enough money available by 2 pm but the money had come in already within an hour or two. We phoned the bank and they said it was all sorted but I was worried it will affect the credit rating because of the mortgage application. 

Jamesyb123

sasp1984 said:

Jamesyb123 said:

The bank usually text or contact you to advise of something like this and if it was resolved the same day nothing will come of it

Thank you. We had a text message saying we went into an unarranged overdraft and we need to have enough money available by 2 pm but the money had come in already within an hour or two. We phoned the bank and they said it was all sorted but I was worried it will affect the credit rating because of the mortgage application. 

No that won’t have registered anything anywhere you’ll be fine you rectified the issue immediately, nothing to worry about 👍

sasp1984

Jamesyb123 said:

sasp1984 said:

Jamesyb123 said:

No that won’t have registered anything anywhere you’ll be fine you rectified the issue immediately, nothing to worry about 👍

Thank you so much. I can relax a bit now.

Jamesyb123

sasp1984 said:

Jamesyb123 said:

sasp1984 said:

Jamesyb123 said:

No that won’t have registered anything anywhere you’ll be fine you rectified the issue immediately, nothing to worry about 👍

Thank you so much. I can relax a bit now.

No worries it’s always useful to have those text notifications they have saved me a lot of times!! As like you we have a savings account and move money across sometimes to cover. Have a nice weekend