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Going over credit limit
Kauto5
Posts: 53 Forumite
Hi all,
Recently due to high interest and reduced income I've gone over my credit limit on 2 credit cards several times. Thankfully I've not missed any payments, but I'm wondering what the long term effect will be?
I know that defaults, missed payments etc stay on your credit for for 6 years, and hard searches remain for 1 year. Will going over my credit limit remain for 6 years?
Thanks!
Recently due to high interest and reduced income I've gone over my credit limit on 2 credit cards several times. Thankfully I've not missed any payments, but I'm wondering what the long term effect will be?
I know that defaults, missed payments etc stay on your credit for for 6 years, and hard searches remain for 1 year. Will going over my credit limit remain for 6 years?
Thanks!
0
Comments
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CRAs typically show 6 years of balances -v- limit and payments -v- minimum payment1
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