WOuld going over overdraft affect my credit history?
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alphonso
Apprentice
Joined: 26 Jul 2007
Posts: 3
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 Posted: 03/03/08 - 07:39 Post subject: |
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| Hello everyone! I have a good, well paid job and no financial problems. However this month I have some unexpected expenses. I am considering going over my overdraft limit. I just don't know what else to do. Only I am afraid it would afect my credit history. What are your thoughts on this? Thanks in advance for any comments you will give me! |
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tabbatha
Apprentice
Joined: 03 Feb 2005
Posts: 3
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| Posted: 04/02/08 - 03:48 Post subject: |
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| Yes, of course it will affect your credit score. These credit scoring companies measure your every financial move. When they think you are not a responsible borrower, your credit score goes down. I think that going over your overdraft limit is defintely a sign of irresponsible behaviour in a borrower! If you need money, arrange a legal overdraft with your bank! |
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