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Overdraft - to keep or not to keep?

DS2022

DS2022 Posts: 12 Forumite

First Post

1 February 2022 at 11:58AM in Credit file & ratings

Is having an unused overdraft good or bad for credit rating please?
In have £1500 at the moment, considering reducing it

0

Comments

[Deleted User] Posts: 35,242 Forumite

1 February 2022 at 12:05PM

Keep it but stay out of it. Generally, it will show lenders that you're trusted but not reliant on credit.

3
cymruchris Posts: 5,562 Forumite

2 February 2022 at 5:06AM

Agreed - keep it - don't use it.

1

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