Does an overdraft affect my credit rating
For example if you have a bank overdraft and want to increase your limit, your bank will run a hard credit Why do hard credit checks affect my credit rating? If you do not meet the repayments on your credit or loan agreement, your account will go into arrears. This may affect your credit rating, which may limit your 23 May 2019 Your credit score must be at least 620 for a conventional loan. Factors that affect your credit include payment history, the amount you owe