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Does being in your overdraft ruin your credit rating? watch

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    Been in my overdraft for my bank account since january haha, I've only been over my overdraft limit once and paid it back within a couple weeks (had to pay interest on it tho due to it being over my overdraft limit)

    Anyways I am aware exceeding my limit has probably damaged my credit rating quite a bit? but also, does staying in my overdraft damange my credit rating considering it's interest free as it's not exceeding the limit?

    (I am a student)
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    (Original post by Breakingbank)
    Been in my overdraft for my bank account since january haha, I've only been over my overdraft limit once and paid it back within a couple weeks (had to pay interest on it tho due to it being over my overdraft limit)

    Anyways I am aware exceeding my limit has probably damaged my credit rating quite a bit? but also, does staying in my overdraft damange my credit rating considering it's interest free as it's not exceeding the limit?

    (I am a student)
    if you fail to pay it off at the end of the month then yes it will have a negative impact but if you keep up repayments and so on it will fix it self pretty much
 
 
 
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