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I was approved for a $500 overdraft protection on my checking account. Does this get reported as a trade line?
I had the same situation with a different bank and they didn't report on my report. Not sure about PenFed though.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
It does report as a trade line yes. Penfed reported mine as well
It shows up and reports on all bureaus. It is factored in scoring the same as a credit card.
So is it revolving or installment? I just set up an Alliant Secured Shared for a 9% long term installment loan. I wonder if this overdraft, if it is an installment, will screw me up with what I just did.
@Anonymous wrote:So is it revolving or installment? I just set up an Alliant Secured Shared for a 9% long term installment loan. I wonder if this overdraft, if it is an installment, will screw me up with what I just did.
Mine reports as revolving
i gpt 500 line also but confused on how to use it ,any info is appreciated thanks