Urgent help please

alice87

I graduated last summer and have a 2k interest free overdraft with natwest. In. June this is reduced to 1k and it's dawned on me - is this the total overdraft being decreased or just the interest free part? I certainly can't pay them a grand by then, considering I'm barely scraping by due to some very stupid debt I acquired at Uni... I can't sleep and feel sick can anyone please help?

opinions4u

I would say (almost certainly) your whole overdraft has been reduced.

Banks can call in an overdraft at any time, so they are not an ideal line of credit to rely on.

You need to call them to confirm this though.

Then you need to agree some sort of plan to repay them.

willo65

it should just be the interest free amount, I would just confirm this by calling your local branch

CLAPTON

Only the bank can tell you... even then they can withdraw an OD facility at any time.
Have you worked out a proper budget and started addresssing your debt issues? Have you worked out a proper budget... this is a good format
http://www.makesenseofcards.com/soacalc.html

If you wish to post it here maybe people could help with some suggestions or post on the debt freewannabe board although that is a very very busy board.

johncolescarr

I had a Natwest grad a/c and they just reduced the interest free part, charged some ridiculous amount on the remaining balance.

My OH also had this experience with her Lloyds A/C

But to be on the safe side, check with your bank.

You may also want to consider switching to a better deal