Overdraft Charges

Mark_G_4

Hi,
I'm new to the forum and sorry if I have posted in the wrong thread. I was wondering if there are any template letters on the forum that I can send to Natwest to try and freeze the interest that I am paying on an arranged overdraft. I have been to speak to them and they say that they can not help me unless I go over my overdraft limit and then they will pass my account over to the collections department, which I would rather not happen.

Any help will be welcome.

Thanks.

Poosmate

Surely if you go over your agreed overdraft limit they will just slap a charge on you which should be no more than £25 although some banks will charge you by the day (something like £5). Not sure about that because I've managed to reduce my spending into my overdraft.

Your best bet is to try to reduce your overdraft.

If you're struggling you may want to post your SOA on here and people can have a look see if there are savings you can make on your current expenditure.

Poo

Tixy

You could try using the template letters from national debtline. But they are only likely to freeze charges if you default on your overdraft agreement or cannot pay it off if they recall it. They'd also expect you to repay all your debts at a reduced pro-rata rate, which could lead to you defaulting on any other debts you have as well.