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@Anonymous wrote:I was approved for a $500 overdraft protection on my checking account. Does this get reported as a trade line?
Yes it is reported as a revolving line of credit.
@mrldp40 wrote:i gpt 500 line also but confused on how to use it ,any info is appreciated thanks
Since it's only $500 I don't 'use it' at all; I just let it sit there in case I make a mistake causing an overdraft.
So if I go to the ATM and have $500 in my checking account and withdrawl $550... it will pull $50 from the overdarft line of credit?
@NC84 wrote:So if I go to the ATM and have $500 in my checking account and withdrawl $550... it will pull $50 from the overdarft line of credit?
i dont really know ive asked on here and have sent penfed numerous messaged and calls .lol still not sure how to use it