Does taking a lot of money out of your account at once affect your credit score?

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asked Feb 25, 2018 in Credit by Grahlu (51,270 points)
Does taking a lot of money out of your account at once affect your credit score?

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answered Feb 26, 2018 by Larry S (42,350 points)
Depends on what account you're talking about.

If you mean a checking account then no taking a lot of money out of your checking account at once will not affect your credit score.

If you mean withdrawing money through an ATM on your credit card then no it shouldn't affect your credit score too much to get a lot of cash advances from an ATM with a credit card as long as you're able to pay back the amount you withdrew from the credit card.

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