Overdraft

waterwatcher

ha ha ha ha. Transfered my overdraft to a zero percent card, called barclays to cancel overdraft, nice man nearly fell off his chair, he said it was the first time anyone had ever asked to do that!!

Also it took longer to cancel my overdraft than it did to set it up.

waterwatcher

ooo got to change my signature

Lemon_Tree

they are very funny about cancelling overdrafts aren't they. Can't wait until i can make that final call, i just change mine online at the moment, it's tiresome getting a the 'talk' if you try and do it over the phone

cally6008

I want to drop my overdraft down gradually and from looking at Barclays website, I have to go in store and do it. I dont know how it will affect the Personal Reserve though ?

waterwatcher

Cally I just do it over the phone, ring the number on the back of your card.

Lemon tree, they'll not let me reduce it on line, only increase it!! ha ha ha

The banks are there to help though ..... yeah right .... help you get further into debt!

Lemon_Tree

luckly mine will let you decrease online, but you have to reduce in £50 multiples, which was tricky to start with, but i've got it under control now.

mooomin

waterwatcher wrote: »

Cally I just do it over the phone, ring the number on the back of your card.

Lemon tree, they'll not let me reduce it on line, only increase it!! ha ha ha

The banks are there to help though ..... yeah right .... help you get further into debt!

You with HBOS? I just tried to reduce my Halifax overdraft online as I don't need as large a limit and they want me to go to a branch or phone them. Boo...

waterwatcher

Sorry mate I'm with barclays. Not sure what the set up with HBOS is. Could you make a trip to town to co-incide with pay day? Then pop into branch to reduce your limit? Depends on how far your branch is away I suppose!

gailey_2

Ahh wish I could get my barclays od clear I now hate overdrafts as always feels like im sinkinga nd never know where I am.
Water watcher your lucky yours is so smal is it teh 3500 in your signature?
Also if you transferred it you still in debt.
I took out loan to pay off Lloyds one and feel so much better being in credit guess is phychological unfortunatly my barclaycard still high.
I dont know why looked very closly at last barclaycard statement and realises 26.9%intrest and if I just made min payments tehy suggested it would never go down now barclaycard prioroty no 1 and helping oh with his tesco.
Must admit I dont count student loan as debt as its governement.
Felt it incredibably unfair that year b4 me had grants then few years after I left teh new lot got grants so for poor people stuck in middle well thats not fair! They only take if you earn so much which I dont although have paid some off but not sure how much maybe 2grand?

TotallyBroke

Were you paying more in interest on the overdraft than on any of the other debts?
I'm actually continuing to use my overdraft each month up to the max as the interest rate is very low compared to the Barclaycard and other debts I have.