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bgasgirl
bgasgirl Posts: 8 Forumite
in Budgeting & bank accounts
i currently have a £2000 overdraft that i live out of each month - i am trying to pay it off but they will only close it off in £500 installments.

As u can imagine getting to £500 is quite difficult - i live within my wage but with all my other bills and food my £1200 a month wage is practically gone.

Any one got any ideas how i can get rid of this without me being any worse off.

:)

Comments

  • hippey
    hippey Posts: 849 Forumite
    Does it matter?

    You could imagine your limit is £1900 this month, then £1800 and so on.....
    If you reduce it at the bank and then break it you will end up getting charges for nothing. I did a similar thing years ago when my o/d was £5k! Took ages but I climbed out my pit of debt with hard work
    These are my thoughts and no one else's, so like any public forum advice - check it out before entering into contracts or spending your hard earned cash!

    I don't know everything, however I do try to point people in the right direction but at the end of the day you can only ever help yourself!
  • Fang_3
    Fang_3 Posts: 7,602 Forumite
    Could you post you SOA and then we will be able to see how you can do it.
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