Ive got a bank situation were an ex had me on his account and when we broke up he overdrafted the account 300+ dollars at the time i was only 16-17
2007-07-07 09:41:12 · 5 answers · asked by sactowngurl@sbcglobal.net 1 in Business & Finance ➔ Personal Finance
It will remain on your credit report, if it was reported, for seven years, or ten if you ever declare bankruptcy or state insolvency.
It is relatively minor, if you pay it back and work diligently to pay all your bills on time every month.
Some banks report overdrafts and some do not.
Your age does not matter, if you are allowed to open an account then you will be treated as an adult.
2007-07-07 10:23:26 · answer #1 · answered by OPM 7 · 0⤊ 0⤋
No your credit history stays on as long as the account stays active. Meaning that once you paid back the overdraft then the incident is no longer active and after 7 years you can have the incident wiped of your record.
If this is the only thing that is blemishing your record then you probably just dropped into a prime credit score, which is a c rating and will still qualify you for most anything that requires credit
Just take note to keep your credit from now on good standing as credit when your an adult can affect from getting a job to getting a home.
happy trails!
2007-07-07 10:03:22 · answer #2 · answered by Wes B 3 · 0⤊ 0⤋
unfortunately no. i learned from my mother never to share a bank account with a man, her credit was ruined for years after her divorce.
fortunately, this is just one overdraft incident and you are young. so, pay off the debt and work on building solid credit. if you get a credit card, use it very wisely. only use it to make purchases that you can afford to pay off at the end of the month and whatever happens do not make late payments. this will not only be detrimental to you credit history but the company will charge a fee and potentially raise your rates, making it hard to stay on top of payments.
2007-07-07 09:53:34 · answer #3 · answered by Puppy_Gold 2 · 0⤊ 0⤋
Your credit doesn't start over at 18 or people wouldn't establish credit at all younger. I bank account isn't reported as far as I know. I would close the account if you haven't already. Pay off your debt to the bank as soon as you can or get him to if he will. Sue him if you pay your debt instead of him.
Divorce is hard on credit sorry you had to learn this so young.
2007-07-07 09:47:48 · answer #4 · answered by shipwreck 7 · 0⤊ 0⤋
Unfortunately, I think it will always be on your credit history!
2007-07-07 09:44:48 · answer #5 · answered by Vivian 1 · 0⤊ 0⤋