Can I stop the charges?

Big_Mac_3

Hi all,

I tried to post this on the DFW board but someone pointed me in this direction :-), not sure if this is the right board to post this in but I am finally trying to get myself sorted and have now taken a positive stance on my whole debt situation. Stupidly, I have gone over my overdraft limit with the bank and the bank charges are crippling me!! I am with Natwest and it is £38 for this every day so all my money is going on these charges. This means I dont have enough money to pay my other debts so the whole cycle starts again :-(

Is there any way I could get natwest to stop charging me until I can get back on my feet? The charges are crippling me and I'm looking at nearly £300 a month in charges.

What can I do?

Thanks everyone.

jonesMUFCforever

Well you can start by not spending any more on your Nat West account!
Will they not agree to increase your overdraft?
How is your credit rating?
If its bad it might be time to open a basic account somewhere to receive your salary until you can sort yourself out.

tigtig

I would start taking the bank to court over the charges they are putting on your account. I know how it is myself. If the bank would just stop the charges for 1 month it would help you get out of the problem. Of course they wont. They need to make as much money for the share holders as possible.

At the end of the day it does not cost £35 to bounce a D/D etc.
If you go to this web site it will help you to claim back all those nasty bank charges.

http://www.consumeractiongroup.co.uk

Hope that helps

Big_Mac_3

Thanks for all the info! I am going to do both as I think it is the most sensible thing to do.

Thanks again! You have really helped!!