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  • FIRST POST
    • makinprogress
    • By makinprogress 11th Sep 17, 10:26 AM
    • 472Posts
    • 482Thanks
    makinprogress
    Halifax Overdraft 'New' Charging ...
    • #1
    • 11th Sep 17, 10:26 AM
    Halifax Overdraft 'New' Charging ... 11th Sep 17 at 10:26 AM
    Hi.
    Can anyone advise please. My Mum has a Halifax overdraft of £2000 which she finds impossible to clear. She currently pays £30 /£31 pm in charges for this. A letter arrived detailing new charges which are going to be approx £92 pm in her case �� She simply can't afford this & is already over committed on credit cards etc....
    Does anyone have any info or advice please?
    Her credit score isn't great so addition al borrowing wouldn't be an option.
    makinprogress
Page 1
    • d123
    • By d123 11th Sep 17, 10:34 AM
    • 6,575 Posts
    • 4,216 Thanks
    d123
    • #2
    • 11th Sep 17, 10:34 AM
    • #2
    • 11th Sep 17, 10:34 AM
    There’s already a lengthy thread about this...

    http://forums.moneysavingexpert.com/showthread.php?t=5693852
    Last edited by d123; 11-09-2017 at 10:36 AM.
    ====
    • eskbanker
    • By eskbanker 11th Sep 17, 10:36 AM
    • 5,465 Posts
    • 5,270 Thanks
    eskbanker
    • #3
    • 11th Sep 17, 10:36 AM
    • #3
    • 11th Sep 17, 10:36 AM
    Lloyds group banks have made noises to others about this that the worst sufferers from the new charges may be offered some form of unspecified assistance (perhaps converting overdraft to loan), but large overdrafts aren't a sustainable way of borrowing anyway, so the answer isn't trying to keep overdraft costs down but getting out of the overdraft.

    She'd probably benefit from posting over on the debt-free wannabe board to get suggestions as to how to get out of her debt problem.
    • DCFC79
    • By DCFC79 11th Sep 17, 10:49 AM
    • 29,969 Posts
    • 18,978 Thanks
    DCFC79
    • #4
    • 11th Sep 17, 10:49 AM
    • #4
    • 11th Sep 17, 10:49 AM
    Hi.
    Can anyone advise please. My Mum has a Halifax overdraft of £2000 which she finds impossible to clear. She currently pays £30 /£31 pm in charges for this. A letter arrived detailing new charges which are going to be approx £92 pm in her case �� She simply can't afford this & is already over committed on credit cards etc....
    Does anyone have any info or advice please?
    Her credit history isn't great so addition al borrowing wouldn't be an option.
    Originally posted by makinprogress
    Corrected that for you

    Maybe she should post on the debt free wannabe board.
    Last edited by DCFC79; 11-09-2017 at 10:51 AM.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
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