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Student Accounts

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Needing some advice....


Started at one Uni in 2005, when i turned 18 i took out an overdraft with RBS. Originally i took 400, a year later up to 1100. I then left that course but didnt tell the bank as i couldn't pay it back. Its now at 1600 but the account only lasts till Jun.

How long will I have to pay this back?

I also now have another £500 overdraft with Lloyds but can't extend this in my first year.

Thanks for the help :)

Comments

  • Should add - Im in the first year of a new course
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    More than likely straight away.
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You aren't supposed to have two student bank accounts, the terms and conditions usually state they must be your main current account. Need to sort this mess out before they call in the debt.

    You should be able to pay this back whilst studying if you are careful with your money - post a Statement of Affairs on the DFW board for comments.
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
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