Can overdrafts from checking account affect my credit score in any way?
When I bought my house, I discussed my score with the folks handling my mortgage, who are friends. They said anything, even a late library book and fee nowadays can come back to bite you! I thought they were kidding, they’ve been known to do that, but I actually read that somewhere recently, so they weren’t kidding. Thus, it’s a pretty good bet that your bank or any lender would take overdrafts into consideration. It might not be a major strike against you if you’ve been quick to pay ’em off, but it would send up red flags, I’m sure. http://www.stretcher.com/menu/topic.htm This is a link to a site that maintains all sorts of money related types links and helpful hints. Some of them seem a bit simplistic, but still good, informative reading. The main link given does a pretty good job of breaking down the known factors of credit scoring, which, unfortunately, seem to evolve faster than sites like this can keep up with.
