Student Overdraft help needed

greenmantle

just to add: it goes to show that students choosing their bank for undergrad study should perhaps check the graduate policies over and above the perks available while they're still students, if they suspect they'll be on a shoestring.:exclamati

jo6526_2

Greenmantle, I agree. I didnt think at the time about graduate accounts etc because it seemed so far away and I assumed I would gain employment straight after I graduated.

regarding meeting at the bank, I was disgusted. I honestly thought the women who I had arranged the meeting with knew what I wanted to discuss as I spoke to her on the phone several times but it really was a waste of time. Even when I explain to her and her supervisor that I may not be able to get credit card/loan they didnt want to know and basically said they couldnt help.

I feel really let down by BOS!

greenmantle

Yes, it's a disgrace. I'm quite shocked - ethics aside, it's quite a primitive approach, business-wise, as instead of locking you in for another 10-15 years, as HSBC did to me, by keeping the credit string just long enough (!) with some velvet-gloving on the initial interest and (lack-of) charges, they're pushing you away and turning themselves into a toxic debt, superfast.

This may be the climate, but their crude customer service approach suggests they hadn't even thought it through that far. *Ponders* maybe you can earn a few quid writing a 'student experience' article on this for a student finance venue of some kind. Contact your old students' union?

I wish you all the best with this.

jo6526_2

Thats a very good idea, I think I may just do that to ensure others arent in similar position to me.

I had perfect credit rating up until last year (few missed payments) but has been fine ever since and I intend to keep it that way.

I am going to keep a record of their correspondance and see how things go, hopefully they will work with me and I can make an effort to get everythign paid off.

GeorgeUK

Jo, shop around for the graduate account.

I would try phoning them to see if you could get an account or be able to open one - and if a credit check would be required.

Abbey and RBS look to have lower interest rates so might be worth calling first.

jo6526_2

GeorgeUK wrote: »

Jo, shop around for the graduate account.

I would try phoning them to see if you could get an account or be able to open one - and if a credit check would be required.

Abbey and RBS look to have lower interest rates so might be worth calling first.

Thanx george, will look into this.

jo6526_2

**update**

Spoke to A&L, I would have to be with them a few months so they can see wages etc going in before they would offer me an overdraft anywhere near 1000.

I just think its pointless, moving my bank again (i have just last month changed my wages, dd's etc onto new bank account) by the time I was offered an overdraft with A&L I would be up to my eyes in bank charges with BOS and still in my unauthorised overdraft.

I plan to try not to worry, its making me sick knowing i cant do anything and BOS wont help.

The Overdraft will be withdrawn on 1st July, im going to try not to concentrate too much on the daily charges and wait until its passed to collections, I will then attempt to arrange a payment plan with them.

Does anyone think im being silly doing this? I just feel I dont have any alternattive and bank arent helping at all.

Hope youre all well. Sorry for my moans.

lily23_2

My student overdraft was due to be reduced by £500 but i went in today and they've agreed to extend it. Going in and discussing your circumstances really does make a difference. Sounds like you got stuck with a newbie the first time, do try again as someone else maybe more helpful. Good luck

jo6526_2

lily23 wrote: »

My student overdraft was due to be reduced by £500 but i went in today and they've agreed to extend it. Going in and discussing your circumstances really does make a difference. Sounds like you got stuck with a newbie the first time, do try again as someone else maybe more helpful. Good luck

Hi Lily, ive tryed. Phoned, written to them, appointment at the bank was useless, even the boss of the advisor who met with me said there was nothing they could do

Feel really dishearted with it all.

jo6526_2

jo6526 wrote: »

Also, I noticed they had my national insurance number in my personal details... can they do anything with this information to try and get there money back????

Can anyone shed some light on this?