Can overdrafting hurt your credit score?

Answer On One Hand: Overdrafts Do Not Impact Credit Score.Bank account overdrafts do not have a direct impact on an individual's credit history or score. Banking history is generally not reported to any o... Read More »

Top Q&A For: Can overdrafting hurt your credit score

Does applying for a credit card hurt your credit score?

Applying for a credit card grants the credit card company permission to conduct a credit inquiry. Some forms of credit inquiries, like those performed by lenders and prospective creditors, can redu... Read More »

Does it hurt your credit score to not use credit cards?

On One Hand: Not Using Credit Cards Is WiseIf you know that you don't have the money to make the monthly payments for a credit card, it's best not to use one. According to John Ulzheimer (courtesy ... Read More »

Do inquiries hurt your credit score?

Credit inquiries made by your credit card company to monitor your account, by creditors regarding "pre-approved" offers, by a prospective employer, by you to check your own credit report, or by mul... Read More »

Do balance transfers hurt your credit score?

On One Hand: Balance Transfers May Benefit Credit ScoresTransferring a balance from one credit card to another is usually a good decision. Credit rating agencies base your score on multiple factor... Read More »