Overdraft at CU question

[Anonymous]

I have a $500 overdraft at my credit union that reports as a revolving account.  I opened it up a year ago and have never used it.  Do I need to use it and have something report to the CRA's?  Will this send my CU into a freak out that I am using it?

[fused]

How many other revolving accounts do you have reporting? How many of these accounts are reporting any balance?

[atlastontheroad]

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@Anonymous wrote:
I have a $500 overdraft at my credit union that reports as a revolving account.  I opened it up a year ago and have never used it.  Do I need to use it and have something report to the CRA's?  Will this send my CU into a freak out that I am using it?

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If I am reading this correctly, you have a $500 overdraft protection account that is reporting as a zero balance revolving account.  I have similar (5k revolving OD protection) with my CU that also reports.

It doesn't say "overdraft protection" but it IS new "credit" so I'm waiting for its anniversary to see a little bump in score.  Since it was opened at the same time as a new visa AND a car loan, all with the same CU, I figure next May I will get some points.

In the meantime, it's simply another revolving account that adds nice numbers to total utility.

atlast...

[johnsj21]

I too have an overdraft protection account through my CU.  Check with your CU to see if you need to start using it before they will report.  I periodically move $25 from it to my checking just so I have something to pay back each month.  I've had mine for 6 years and it's been reporting for 6 years.