OD - arrangement to pay?

debrag

Do you think my bank (nationwide) would allow an arrangement to pay off my OD? it's completely made up of charged when a DD was paid when it was meant to have been cancelled.

Also I've just received a new report and one of my loans has disappeared and not the 'settled' one, should I contact the bank in question? it's still on the other report

bexxie90

Hi I am on a reducing OD with Nationwide it comes down £80 a month,but have just swapped bank accounts and left OD so after now I dont know what they will do,but I expect fine in your case as they are pretty good.
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debrag

well I just haven't been paying it's on £244 and plan on paying it off soon but can't afford it all in one go.

bexxie90

Is this within an agreed limit? Or overdrawn unauthorised?

If within an agreed limit then I shouldnt worry too much just pay what you can. If it is the latter then phone them a.s.a.p and they will sort it even if to give you a temporary authorised OD to stop you getting stung with charges ect.

Even if they say yes pay the £244 @ £20.33 a month to clear in a year. I am sure it will come right.
HTH
x

debrag

I plan on paying £50 from next pay day. So will phone them as see what they will do.

bexxie90

Just re-read if the DD was cancelled within the correct time-lines why have they stung you with charges like this it is appaulling. I would defo get on that phone and give them what for,that is not on.

x

debrag

well it was probably my fault about the DD and it's a basic account so an unplanned OD