Comments on: How Overdrafts Can Affect Your Credit Score

By: 8 Things That Do Not Affect Your Credit Score | Realm of Prosperity

8 Things That Do Not Affect Your Credit Score | Realm of Prosperity — Tue, 01 Dec 2009 07:03:03 +0000

[...] an overdraft on your checking account. Unless your bank reports you to a collection agency for the overdrawn amount, the only penalty would be the overdraft [...]

By: Cap

Cap — Wed, 25 Nov 2009 04:06:18 +0000

on a side note, another minor way ‘overdraft’ can ding your credit score is when you apply for any checking accounts with an overdraft protection. generally the bank in question will run a hard credit pull / inquiry, thereby giving you a slight ding to your credit score for the next 6 months. though if this is the only hard credit pull in recent years/months, I wouldn’t lose any sleep over it.

By: Ashley

Ashley — Mon, 23 Nov 2009 20:20:26 +0000

Good reminder! I’d assume that most people pay off the balance when they get an overdraft, but I guess not all do. It’s important to realize you can’t just walk away from that fee, it still needs to be paid.