Student Overdraft - Credit Rating

edited 30 November -1 at 1:00AM in Credit File & Ratings
6 replies 754 views
JohnLockJohnLock Forumite
74 Posts
edited 30 November -1 at 1:00AM in Credit File & Ratings
Hi,

Did you know a student overdraft affects your credit rating?
I have a £1500 overdraft and have been using it to buy food, travel expenses etc.
Last month it was -£1,100 balance.

If I bring the balance back to 0 every month, will this improve my credit score?
Is it definitely the last day on each month I should do this ... I'm worried that it's another day my bank uses to tell the credit agency?

Replies

This discussion has been closed.
Latest MSE News and Guides

Avro Energy and Green cease trading

What it means for your gas & electrity

MSE News

Energy mythbusting

What really makes a difference?

MSE Guides

Free £6 Amazon credit for some

When you add £50 to gift card balance

MSE Deals