An overdraft will appear on your credit report as a debt. If you don't use your overdraft it will show a zero balance. Anyone who is in their overdraft will see the amount they owe on their credit report.
Beside, can online gambling affect credit rating?
Furthermore, credit agencies appreciate that a little flutter is a natural part of life for millions of people in the UK. ... Signing up to a new online betting site, making a deposit, and making bets when done correctly won't affect your credit score at all.
However that may be, will being in overdraft affect mortgage? Having an overdraft will not stop you from getting a mortgage. However, the way you use your overdraft may affect you getting a mortgage or the amount they will lend you.
Hereof, how far back do banks look for mortgage?
How far back do lenders check bank statements? Most lenders will require two to three months of bank statements, as well as the transaction histories from that period. Generally, lenders will ask for bank statements no older than 60 days to support your mortgage application.
Why is my mortgage application taking so long?
Largely due to the real estate market as well as the lending institution, this can easily extend to a month and a half, even two months. For example, in a normal market, many lenders are averaging just 30 days. Larger banks and credit unions, on the other hand, will often take longer than your average mortgage lender.