Paid off my bank overdraft, would that increase my credit score?

If this item was never with a collection agency it never affected your credit score in the first place.

It is only after months of being in overdraft that a bank will send the item to a collection agency.

If you just paid the bank - it never showed up on your credit reports - so it did not affect your credit.

Be aware that you can check your credit reports to verify

Checking accounts do not report to credit bureaus - so overdrafts do not affect your credit

this may well be a 2-edged sword. The credit bureau will look at it this way: - in the past you had a $2000 cut back and have been using $1500 of it, this (assuming you have 0 different debt) shows which you're using seventy 5% of your available credit. in the journey that your cut back have been to strengthen to a $3000 cut back and you're nevertheless using an identical $1500 you're actually using 50% of your cut back. The credit bureau would be happier to work out which you're using a decrease proportion of your available credit. - on the different hand, your total ability indebtedness substitute into in basic terms $2000 in the past while now it somewhat is $3000. The credit bureau will evaluate that extra $a thousand as a ability undertaking as that debt cost will now might desire to "compete" with besides the fact that cost which you're making to a clean lender. generally speaking, it somewhat is a superb sign which you're receiving a extra suitable credit cut back. If not something the corporate that raised your cut back has faith in you and feels soft which includes your credit worthiness. probability is that it somewhat is pondered in a extra suitable credit. notice: in case you have distinctive those bills (and in specific are branch shop or gas station taking part in cards) you ought to evaluate paying off and closing a number of them out. Dept shop credit strains are appeared at very in a various way from monetary corporation-issued Visa / MC / Amex, etc.