Does overdraft affect my credit score?
March 24, 2022
Your credit score is the culmination of all loans and credits that you borrow from others (lenders). This is not the case for overdrafts. Debit cards pull money from checking accounts. So even if you spend more than your account balance, you are not practically borrowing money from anyone. You may incur an overdraft fee, […]
Your credit score is the culmination of all loans and credits that you borrow from others (lenders). This is not the case for overdrafts. Debit cards pull money from checking accounts. So even if you spend more than your account balance, you are not practically borrowing money from anyone. You may incur an overdraft fee, but it doesn’t impact your credit score in any way.