Overdraft repayment
Cards & borrowingPaying back money you have borrowed through an overdraft.
Overview
Overdrafts are repayable on demand and can fluctuate monthly.
Consistently maxed overdrafts can signal financial strain.
Why it matters
- It affects your affordability profile.
- It influences how lenders view your finances.
- It can impact credit decisions.
FAQs
Can overdrafts be recalled?
Yes. Banks can reduce or remove overdrafts with notice.
Does repaying an overdraft improve my score?
Lower usage can help utilisation and affordability assessments.
Related terms
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