cash card or debit card????

lou_lou_skinty_poos

hi all just reading other peoples threads has been very informative so thanks for the information. ive got a new account with nationwide now its just a cash card. am entering into a dmp with pay plan so i needed a new account as barclays is one of my creditors. what i want to ask is do u think id be better asking for a debit card from nationwide or just sticking with the bank card theyve given me? less temptation n all that?

amy21_2

cashcard maybe best option at moment but if u r wanting finance at a later date u have no hope with a cashaccount

Broken_hearted

How do you get in debt with a debit card.

amy21_2

Broken_hearted wrote:

How do you get in debt with a debit card.

if u have an o/d on it that u always use, go into excess get charges etc. some ppl i know are in debt with ridiculous o/ds of 6-15k. :eek:

lou_lou_skinty_poos

amy21 wrote:

cashcard maybe best option at moment but if u r wanting finance at a later date u have no hope with a cashaccount

being honest am not too concerned about finance in the future al want a mortgage in the future but anything else am gonna buy when i can afford ie save up instead of everything on tick i think in that respect ave finally learnt my lesson!!!!

Broken_hearted

you don't need to take out an o/d

amy21_2

Broken_hearted wrote:

you don't need to take out an o/d

i know, but u asked question as if u didnt know how it was possible to get in debt with a debt card :rolleyes:

lou_lou_skinty_poos

yeah thats why i was thinking posibly stick to the cash card my overdraught is part of my dmp so best to stay away from another one and could pay plan see a new overdraught as new credit n lash my dmp away?

dmb37

Hi there

I have a basic bank account with the Co-operative bank. An Electron card with no overdraft. I too have an overdraft with my last bank which is part of my DMP.

Having zilch credit has focussed me........I now budget for everything. It's a bit weird getting used to not using a credit card for petrol, shopping....(everything basically...lol).

If you really want to sort out your finances.........don't get an overdraft facility

moongarden

you can get a solo card with natwest on their Basic Bank Account

you can't go overdrawn with Solo as it checks your balance at the time of the payment and your bank allocates that part of your balance to the transaction immediately so there is no chance of making a payment in the supermarket then rushing to the cashpoint and drawing the cash out by mistake

i am not on a DMP (well i am doing my own) but just for info you can have more than one basic bank account.

my salary goes into HSBC - i use their excellent internet banking to make all my payments and i transfer my budgeted allowance for petrol, food etc into my natwest who give me solo so i can pay by card. incidentally natwest internet banking is not fully featured on their basic bank account.