Does money make the world go round? Well, unfortunately it is something we all worry about. If debt is something making you feel anxious, be assured help is available. James Jones, Head of Consumer Affairs at Experian, has answered some of your currency queries.
For more information, visit: experian.co.uk
Is it good for your credit score to use an overdraft?
Dipping into your overdraft at times won’t drop your credit score too much.
Although, if you’re using your overdraft, be aware that it is a form of debt and it’ll show on your credit report. This means it could affect your score slightly as lenders will see that you’re borrowing money.
Lenders like to see a positive track record of repaying credit on time and staying within your limits.
So, it’s important to make sure
