Improving your credit score while dealing with overdraft fees may seem overwhelming. As you work through the credit repair process, it is important to understand how to get overdraft fees refunded and how to avoid them in the future.
Beginning the Process
Contacting your bank for issues regarding overdraft fees is one of the most common methods of the refund process. Most banks charge an overdraft fee any time you attempt to withdraw an amount of money larger than what is in your account. With this information in mind, contacting your bank is typically the best place to start.
Before you begin the process of communicating with your bank, it is advised to to get your information and questions regarding the overdraft fees in order. This will make the process of requesting these fees to be refunded a much easier experience overall.
Credit Repair & Overdraft Fees
Fixing your credit despite having a history with overdraft fees is possible; however, there are a few details to keep in mind in order to clean up your credit history. It is also important to know that throughout any credit repair process, credit repair services will be available to provide assistance to you.
A primary source of credit damage relating to overdraft fees occurs once an unpaid fee reaches debt collections. Once this occurs, any unpaid overdraft fees may significantly affect your credit.
Overdraft fees relating to checking accounts will likely not impact your credit score. This is especially beneficial if you are looking to repair your credit while dealing with these fees. While this is a major source of relief, it is still highly important to continue with credit monitoring for any outside issues that may arise.
Factors such as credit mix and credit history are important to be aware of in order to maintain a strong credit score. Checking your credit often will let you be sure that any issues that have appeared relating to overdraft fees are cleared up once these fees are refunded.