New to MSE - Trying to get debt free....

jazzajojo

Hello everyone

I am new here but I have been looking on this website regularly for a few years now.

I was a silly girl when i was younger and am now trying to clear my debt. I have just set up another bank account to transfer everything to so that I'm not paying charges each month, but before I go ahead and put my wages into my new account I just wanted to check something. I have an overdraft with my current bank (£1800), which I was planning on paying back at £100 a month (more if I can) but if my salary no longer gets paid into that account, will Natwest pass it on to a debt collection agency or something? I will be making payments into it obviously, but will they shut it down and pass it on?

Thanks for any help x

podperson

It would depend on what kind of account it is, if you don't have anything in the agreement that you have to pay a minimum amount in every month then technically they shouldn't close the account down just because your wage no longer goes in.
I say technically because I know there are occasions where they do throw their toys out of the pram so to speak and try to cancel the account. At the end of the day if you are regularly paying the overdraft off then even if they do send to a dca then I wouldn't have thought there's a great deal they can do since you didn't have a payment plan requested by them.

jazzajojo

Thanks podperson, no I dont have any sort of agreement to pay a certain amount in so from what you say it should be fine - Thanks for your response!:)