February 16th, 2010
Dear Credit Karma,
Do negative balances and overdraft charges from my checking account have an effect on my credit rating?
The short answer is no, overdrafts on your checking account do not have an effect your credit score. Your credit scores is calculated according to a certain formula that takes into account information pertaining to amount of outstanding debt, timeliness of payments, and related items. However, the determination of your credit score does not reflect any elements of your overdraft history with banks.
January 28th, 2010