Does an overdraft affect your credit score?
What Is an Overdraft?
Do Checking Accounts Appear in Credit Reports?
Does Overdraft Affect Credit Scores?
As mentioned above, your overdraft facility, while linked to your checking account and is not included in your credit report. However, if you were to mismanage your overdraft facility, this would appear on your credit report and negatively impact your credit score. This is why it’s so important to keep an eye on your balance and make sure that you make your payments on time.
How an Overdraft May Affect Your Credit Score
When it comes to your credit score, your overdraft facility can have a negative impact. Here’s a quick look at the different ways an overdraft can impact your credit score.