# Does using your overdraft impact your credit rating **URL:** \ **Category:** Help\ **Created:** [18 May 2018 17:50 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282 "2018-05-18T17:50:37Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![anon57901768](https://avatars.discourse-cdn.com/v4/letter/a/ac8455/32.png) [@anon57901768](https://community.monzo.com/u/anon57901768)\ **Post date:** [18 May 2018 17:50 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/1 "2018-05-18T17:50:37Z")
Hey guys, If you go Into your overdraft does this have any effect into your credit rating Thankyou ---
**Author:** ![anon35201645](https://avatars.discourse-cdn.com/v4/letter/a/d6d6ee/32.png) [@anon35201645](https://community.monzo.com/u/anon35201645)\ **Post date:** [18 May 2018 17:51 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/2 "2018-05-18T17:51:30Z")
Short answer - yes. ---
**Author:** ![Rat\_au\_van](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/rat_au_van/32/49103_2.png) [@Rat\_au\_van](https://community.monzo.com/u/Rat_au_van)\ **Post date:** [18 May 2018 18:02 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/3 "2018-05-18T18:02:40Z")
Longer answer - it’s complicated. If you max your overdraft and stay there it will be something companies take into account as it shows possible financial difficulty. Using occasionally or having as a safety net - no. Monzo blog link [https://monzo.com/features/overdrafts/](https://monzo.com/features/overdrafts/) This link is useful > **[Does an overdraft hurt your credit score? | Money Saving Advice](https://www.moneysavingadvice.co.uk/guide/does-an-overdraft-hurt-your-credit-score/)** > > In short, no. In the normal run of things an overdraft shouldn’t negatively impact your credit score. In fact, it is a form of credit and using one responsibly will add to your credit history and improve your credit worthiness, so it can be a really... ---
**Author:** ![anon35201645](https://avatars.discourse-cdn.com/v4/letter/a/d6d6ee/32.png) [@anon35201645](https://community.monzo.com/u/anon35201645)\ **Post date:** [18 May 2018 18:04 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/4 "2018-05-18T18:04:51Z")
I wonder what day of the month Monzo logs your balance and submits to CRAs? ---
**Author:** ![anon23935806](https://avatars.discourse-cdn.com/v4/letter/a/58f4c7/32.png) [@anon23935806](https://community.monzo.com/u/anon23935806)\ **Post date:** [18 May 2018 18:09 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/5 "2018-05-18T18:09:31Z")
Since Monzo is modern ideally they’d do it every day, but as far as I know CRAs only allow one update per month. ---
**Author:** ![Rat\_au\_van](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/rat_au_van/32/49103_2.png) [@Rat\_au\_van](https://community.monzo.com/u/Rat_au_van)\ **Post date:** [18 May 2018 18:10 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/6 "2018-05-18T18:10:36Z")
They report to Noddle which is CallCredit. I like their app and it’s free. Last entry from Monzo was 1st April for me but that might just be when Noddle list it from 🤷‍♀️ ---
**Author:** ![anon35201645](https://avatars.discourse-cdn.com/v4/letter/a/d6d6ee/32.png) [@anon35201645](https://community.monzo.com/u/anon35201645)\ **Post date:** [18 May 2018 18:20 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/7 "2018-05-18T18:20:33Z")
Or it could be when you opened your account? ---
**Author:** ![Rat\_au\_van](https://dub1.discourse-cdn.com/monzo/user_avatar/community.monzo.com/rat_au_van/32/49103_2.png) [@Rat\_au\_van](https://community.monzo.com/u/Rat_au_van)\ **Post date:** [18 May 2018 18:22 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/8 "2018-05-18T18:22:42Z")
Account was opened in the middle of the month, this says updated 1/4/18. Could be reported earlier but not updated on report until start of the next month. My new credit report is out tomorrow. I’ll let you know what date they have after I’ve had a nosey 🤥 but I don’t use the overdraft so doubt it’ll tell me anything different ---
**Author:** ![Anom123](https://avatars.discourse-cdn.com/v4/letter/a/71e660/32.png) [@Anom123](https://community.monzo.com/u/Anom123)\ **Post date:** [18 May 2018 18:50 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/9 "2018-05-18T18:50:09Z")
Don’t worry too much about the score/rating since no 1 but you can see it, an entry will be added to your file if you go into your overdraft. What is important is you check the information held by the 3 agencies is up to date eg any accounts not yours. ---
**Author:** ![system](https://global.discourse-cdn.com/monzo/original/3X/a/e/aedf2f7852aef6ffcd99f29eac49128cfbd2ecc3.svg) [@system](https://community.monzo.com/u/system)\ **Post date:** [14 November 2018 18:50 UTC](https://community.monzo.com/t/does-using-your-overdraft-impact-your-credit-rating/38282/10 "2018-11-14T18:50:09Z")
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