According to:
What is considered bad. For example, if you have an authorised overdraft of 1K and are 900£ into it permenantly but never go overdrawn is this considered OK?
According to:
What is considered bad. For example, if you have an authorised overdraft of 1K and are 900£ into it permenantly but never go overdrawn is this considered OK?
OK? I suspect this is good news. You stick to an agreement which means you pay them interest and they make money from you. And don't forget that mortgages are no different - they make banks money and their best customers stick to the agreements.
It is usually considered OK as long as you pay some money into the account at least once a month.
In message , twixs writes
Yes, in fact its GOOD. Go over the limit and it will be BAD.
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