How to request a bigger overdraft limit?

Emily_Hall08

rexywins wrote: »

I have a student overdraft of £1750..... unfortunately my landlord demanded 3 months rent (I was paying monthly) and my student loan came in late, so went about 700 over my limit. Went into my bank to ask if there was anyway I could have a temp extension on it and was told quite nastily that i couldn't and that all they would do is offer me a loan. So I told them no way, and that I'd be waaaaay over my limit until my loan came in.... the annoying thing is that I gave them an exact date and showed them my payment schedule but they still wouldn't do it. Incredibly annoying as in my 4 years of being a student i'd never been over my limit and the reason i had to was out of my control

Did they charge you for going over?
Because if they did, and it was your first time, you should be able to claim the money back. Go into your bank and complain, they'll ask you if it was your first time, then they'll pass it on, and you will hopefully get a letter saying it's being refunded to you - or you could write to the bank yourself.

kittiwoz

You might think you should try to sound financially responsible but in fact you need to show you have high outgoings so you need the overdraft.

My experience is that they will ask you to fill out a form detailing your spending but they won't check it or ask you to prove it. You can put a reasonable social budget but the things to really inflate your spending on are things like food, books, fares and bills. Imagine you buy ready-meals, eat in the canteen, can't find the library, take taxis and never walk/cycle, and never wear a jumper, then base your expenditure on that. Think of it as a worst-case scenario budget.

bhavinshah

kittiwoz wrote: »

You might think you should try to sound financially responsible but in fact you need to show you have high outgoings so you need the overdraft.

My experience is that they will ask you to fill out a form detailing your spending but they won't check it or ask you to prove it. You can put a reasonable social budget but the things to really inflate your spending on are things like food, books, fares and bills. Imagine you buy ready-meals, eat in the canteen, can't find the library, take taxis and never walk/cycle, and never wear a jumper, then base your expenditure on that. Think of it as a worst-case scenario budget.

Heh that sounds like a good plans. Cheers!