I have been charged an admin fee for going overdrawn on my account? will this affect my credit rating? the charge accumulated over five months...
2006-11-18 10:03:41 · 9 answers · asked by tonym 2 in Business & Finance ➔ Personal Finance
i used to work for credit card company.............
if the company sends you letters which are out of the ordinary...ie..anything other than statement it will go on your in house credit rating...if you have an overdue payment even if its late by 1 day it goes on the credit file....
one overdue payment wont affect your rating much but 2 on the trot is bad or a missed payment on more than one account is much worse...if a company 'defaults' you and passes your debt to a collection company you can say goodbye to a new mortgage or contract phone...
you can find out what your credit file looks like by going to
www.experian.co.uk
there are a few oyher creditfile companies but this lets you hav a look for free and you can order a full copy it costs £2 and it has all info that companies get to look at.
2006-11-18 10:17:36 · answer #1 · answered by simon_b 1 · 1⤊ 0⤋
I do not believe so. If you closed your bank account and left this amount owing on your account, then it might appear as a debt on your credit, but I do not believe that a fee they charge you for this can adversely affect your credit. Supposedly those kinds of records on active accounts are private.
2006-11-18 10:09:20 · answer #2 · answered by kathy s 3 · 0⤊ 0⤋
Overdraft fees do not affect your credit rating. However, if you don't pay them back and your account is charged off and sent to collections, then you'll have a ding on your credit report.
2006-11-18 21:07:14 · answer #3 · answered by AD77 2 · 0⤊ 0⤋
If it has to do with money other than cash you can bet some one is keeping score.
And when you pay for things in cash there could be a paper trail.
Just what info is kept & by whom is a good question.
With credit it is akways best to be on time or you could end up paying extra.
If you are late with one credit card company, other companies can find out about it & can & will raise your interest rates.
2006-11-18 10:38:16 · answer #4 · answered by Floyd B 5 · 0⤊ 0⤋
This will not affect your credit rating overall but an unauthorised overdraft will affect your rating within the bank itself.
2006-11-18 10:08:09 · answer #5 · answered by The Wandering Blade 4 · 0⤊ 0⤋
yes once the charge has been paid of that will remain on your credit rating for 5 years.
2006-11-18 10:11:24 · answer #6 · answered by foxy lady 4 · 0⤊ 0⤋
once you utilized for the monetary employer account, you've been subjected to a credit seek for which could have impacted on your credit status somewhat on the time. once you've an overdraft facility it really is used, then it may strengthen your credit status, besides the undeniable fact that in case you flow over the reduce, this may have a adverse effect. on your case, the purely way an unused monetary employer account with little money in can effect on your credit status might want to be once you've a pre-agreed overdraft facility. once you retain on with for credit contained in the destiny, the quantity that the recent company might want to be prepared to lend you may want to be decreased by the quantity of the overdraft facility.
2016-11-29 06:24:30 · answer #7 · answered by jaffar 4 · 0⤊ 0⤋
No, Your bank account is not attached to your credit report.
2006-11-18 10:05:32 · answer #8 · answered by CHUCK 4 · 0⤊ 0⤋
no but going overdrawn will, as I was told by my bank two months ago.
2006-11-18 10:08:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋