How do Banks decide when to offer an overdraft and when to increase it?
Posted November 16th, 2009 by admin 3 Comments »
Keith W asked:
I’ve been told that it has to do with the banks ‘coursing’ information that they hold on you as a customer. Is this true? How exactly does it work? Do they share information with other banks in this respect? Do you run the risk of being refused an overdraft if a bank credit checks you and see’s that you have too many other overdrafts?
I’ve been told that it has to do with the banks ‘coursing’ information that they hold on you as a customer. Is this true? How exactly does it work? Do they share information with other banks in this respect? Do you run the risk of being refused an overdraft if a bank credit checks you and see’s that you have too many other overdrafts?
