Suggestion:
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – credit-report-free.totalh.com
Suggestion:
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – credit-report-free.totalh.com
{ 3 comments… read them below or add one }
No, they monitor all by computers on a daily basis and to some extent it is the bigger picture rather than type of activity.
No.
There is no gap of days between those two transactions, also, taking £500 out, might not mean you are borrowing money from the bank if you have £500.00+ of your own money in the bank account already.
If you were to take out £500 at the start of the month (just after interest is charged by the bank) and some or all of it was a part of your AGREED overdraft or some other form of borrowing. Then you paid it back in at near the end of the month (just before interest is charged by the bank), then it would count towards a better credit rating.
No. Taking cash out and putting it back into your bank account does not involve "credit" and so does not help your credit.