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?

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