http://www.cheaploans.co.uk/forum/ The CheapLoans.co.uk Community Forum Tag: Overdraft on credit rating en Wed, 08 Feb 2012 00:54:44 +0000 http://www.cheaploans.co.uk/forum/topic/can-going-overdrawn-hurt-my-credit-rating#post-83 Wed, 30 Jul 2008 11:20:30 +0000 John Henson 83@http://www.cheaploans.co.uk/forum/ <p>Not at all, dont worry about it. I go overdrawn all the time and have done for as long as i can remember. I also check my credit reports at least once a year and i have never found anything on there which would suggest going overdrawn is bad. </p> http://www.cheaploans.co.uk/forum/topic/can-going-overdrawn-hurt-my-credit-rating#post-82 Tue, 29 Jul 2008 12:23:18 +0000 huckleberry 82@http://www.cheaploans.co.uk/forum/ <p>Its not ideal to keep going overdrawn but its ok so long as you dont exceed your limit, otherwise you'll incur charges. I dont think using your overdraft facility will affect your credit history at all(its there to be used after all!), but it may cause problems if you keep going past it. </p> <p>The only other problem i can think of is that your bank may not look on you favourably if you want a credit card or loan in the future. </p> http://www.cheaploans.co.uk/forum/topic/can-going-overdrawn-hurt-my-credit-rating#post-80 Sat, 26 Jul 2008 19:58:40 +0000 Monty Burns 80@http://www.cheaploans.co.uk/forum/ <p>Hi, Is it bad to go frequently overdrawn? I'm asking because i go overdrawn on my current account just about every month and i know my bank dont charge me anything for this, but im wondering if it may have an effect on my credit rating. Do you get a black mark striked against you each time this happens, or if you just exceed your set overdraft limit? </p>