Bank Screwed

Elixir

Hiya all.
Im new to this forum. I just got Martins book this week from the library. So found this forum that way.(I have been giving his site name to everyone willing to listen for the past 3 days-people are sick of me)

Anyway, my major problem is my natwest account. Its closed and Im paying of an overdraft with silly interest. Paying £15 a month, and less than £3 goes towards the debt the rest is interest.
I think the amount outstanding is about £900.

Elixir
Xx

Dr.Shoe_2

Do you have any other debts? Can you not manage say £100 per month and get it sorted in ten months?

Have they levied any charges during the past 6 years for bounced items etc? You should be claiming these back...

Elixir

Yes I have other debts, definetly cant do 100 a month- I wish.

Levied? Bounced items?
Its terms like this that got me in trouble in the first place, LOL

Kevicho

Hi Elix

First thing id say is stop saying you were tricked into getting the account.
You dont learn anything if you dont accept your mistake, Myself and everyone else on this board has done the same, dont take this in any other way than me being helpful, your energy is better spent concentrating on your positive future.

It will be positive now you are posting here

Ok, next step is to post you statement of affairs, so we can have a much better idea of what the situation is and how we can maximize your money so you can pay off more of your debt, and quicker.

Good luck and best wishes

Kev

saubryn

What Dr.Shoe meant was have you been charged for going over your overdraft limit, or for a payment that the bank couldn't make because you didn't have enough money in the bank.

There are people claiming back these charges because they are apparently unlawfully high. It might be worth looking through the current accounts section of the forum for more advice about that if it applies to you.

Elixir

Saubryn, Im being charged for going over my overdraft limit.

Statement of affairs? Does that mean everything coming in and going out?

Gemmzie

Elixir wrote:

Saubryn, Im being charged for going over my overdraft limit.

Statement of affairs? Does that mean everything coming in and going out?

That's it exactly

Elixir

Oh ok, Ill write that all up later and post it on here

Thanks.
x

Broken_hearted

Firstly no-one tricked you into getting an OD you had to sign for it. If you didn't read/understand the conditions its unfortunate.

Elixir

Right Kevicho and Saubryn and other experts, here `tis:

Income: 141 a fortnight jobseekers allowance, soon to change to working tax credit at the end of the month.
Also there is money sporadically going into my business account (I teach dog training classes)

Out goings:
Electric : £20 a month
Loan : £42 a month
Natwest : £15 a month
Water: was £30 a month but should be having a meter fitted soon.
Dial Up Internet : £14 a month
Catalogue : £10 a month
Phone : was about £20 a month but switching companies a bit later today
Princes Trust loan: £20 a month

I think thats it.

Elixir

Thread now Bumped