Halifax online overdraft - strange behaviour!

tripled

I thought I'd click on the Apply/change overdraft button today, and it told me my current limit was £1,400 and my 'guaranteed overdraft available now' was also £1,400. I typed in I wanted to reduce it to £1,000 and submitted it, which it accepted. However, it now proclaims they are happy to give me £2,250 if I wish!

So, ask to reduce overdraft by £400 = offer to increase it by £850. :rolleyes:

Cash_Flow

tripled wrote: »

I thought I'd click on the Apply/change overdraft button today, and it told me my current limit was £1,400 and my 'guaranteed overdraft available now' was also £1,400. I typed in I wanted to reduce it to £1,000 and submitted it, which it accepted. However, it now proclaims they are happy to give me £2,250 if I wish!

So, ask to reduce overdraft by £400 = offer to increase it by £850. :rolleyes:

Strange and wonderful world we live in:beer:

Mini_Bear

This is why we are in this mess! Easy Credit!!

tripled

Mini_Bear wrote: »

This is why we are in this mess! Easy Credit!!

Not that easy - I don't think many people wanting to increase their overdraft would think of decreasing it first to get extra!

Perhaps the act of reducing my limit pushed up my internal credit score? Only think I can think of.

heppy23

I wish I understood how it works.

My offer has gone from £1500 to £4000 to £0 in the last 2 months.

tripled

It now seems they have redesignated my account to a standard current account (lower credit interest and higher overdraft interest), which may have something to do with it. The plot thickens!

sutton111

My Parents guaranteed OD has gone from £100 to £0 to £1700 within 2 weeks.

tripled

sutton111 wrote: »

My Parents guaranteed OD has gone from £100 to £0 to £1700 within 2 weeks.

Doesn't seem unreasonable - presumably they went bankrupt one week then won a sizeable amount on the lottery the next?

cceg

We paid ours off last year. They are now offering us £3500 ( When it used to be £1000 ) and write to us almost weekly about it!

sutton111

tripled wrote: »

Doesn't seem unreasonable - presumably they went bankrupt one week then won a sizeable amount on the lottery the next?

:rotfl: :rotfl: .

Spot on, you must be clairvoyant. Lol