Why would a bank cancel my overdraft?
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willi
Apprentice
Joined: 14 Jan 2004
Posts: 4
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 Posted: 05/06/08 - 09:45 Post subject: |
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| I have an arranged overdraft which I have only used on a couple of occasions. Nothing has changed in the meantime, but they have cancelled the overdraft. This comes out of the blue for me. I am wondering what reason they could possibly have for doing so. Do you know? Can you help me? |
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channa
Apprentice
Joined: 04 Dec 2006
Posts: 5
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| Posted: 06/04/08 - 21:30 Post subject: |
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| I don't know. Why don't you ask them? Banks could have all kinds of reasons for doing so, and the real answer probably lies with a credit scoring agency. Are you quite sure nothing has changed? Didn't you by any chance miss payment on some credit card? Or even on your mobile phone bill or something? |
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