Query on listing bank overdrafts

Reevesie76

Can you tell im finishing off the forms for hubby and I today, sorry for all the questions!!

With regards to bank overdrafts, do these just get listed in the bank account section or do I put them down as an unsecured creditor as well?

dalip

You put all unsecured debt down on the unsecured section(4),then repeat them where it asks for cc or bank accounts(section 5).Dx

nervousmother

I listed mine as a unsecured creditor as well as in the bank section as a minus amount in the balance

Reevesie76

Thanks, thats helps alot

davetheman

With regards the date incurred, do you list when you first got the bank account, or when you got the current OD, my overdraft keept on being increased.

startagain_2

davetheman wrote: »

With regards the date incurred, do you list when you first got the bank account, or when you got the current OD, my overdraft keept on being increased.

Mine was the same dave, I just put the first date I was offered an overdraft even though it was a lot smaller than the one I ended up with!

HTH

SA

davetheman

Thanks will do the same, did you also list your bank card in "5.1 Do you have any cheque cards, cash dispenser cards, credit or charge cards, debit cards, etc?" as my bank car is a cheque, cash, debit card?

startagain_2

davetheman wrote: »

Thanks will do the same, did you also list your bank card in "5.1 Do you have any cheque cards, cash dispenser cards, credit or charge cards, debit cards, etc?" as my bank car is a cheque, cash, debit card?

Yes

nervousmother

davetheman wrote: »

With regards the date incurred, do you list when you first got the bank account, or when you got the current OD, my overdraft keept on being increased.

I couldnt find when my OD came into force, I never applied for it they just kept uping it! infact 3 days before BR I had a letter saying they had put my limit up to 4k :rolleyes:

startagain_2

nervousmother wrote: »

I couldnt find when my OD came into force, I never applied for it they just kept uping it! infact 3 days before BR I had a letter saying they had put my limit up to 4k :rolleyes:

I can believe it, I didn't ask for my first overdraft - they just let me know in a letter that I had a £1k facility - I didn't use it for a year and it was downhill from then on...... grrr
The other bad one was Vanquis.... I started off with £250 which was fine, only for emergencies and ended up with £2k less than 2 yrs later. The interest was unbelievable!

SA

fiveyearplan

It doesn't really matter when you got the overdraft but you do need to put something down on the forms - even if you make it up.