Overdraft

Brynawel4

Can someone help please? I changed my bank account from Barclays to Abbey about a year and a half ago. I automatically had the same overdraft that I had with barclays which is £850:00. Unfortunately I went through a divorce which meant I was actually using my full overdraft every motnh to pay my finances. Therefore I currently owe an overdraft to Barclays and want to try and reduce my overdraft with Abbey. How can I do this??

curlytop12

hi,this is only a basic answer,others will be along.......
1.look at outgoings-see were you can cut back,cancel,reduce etc.
2.can you increase your income at all?
3.anything you can sell/ebay?
4.look at old style board to reduce household buys,
5.re-use ,recycle etc
6.keep coming to MSE !
7.keep spending diary to see where money is going

good luck

GeorgeUK

The first thing we need to know is your income and expenditure, then see if there are any savings that can be made.

Can you post up a statement of affairs?
https://www.makesenseofcards.com/soacalc.html

Also, do you pay a fee for the overdrafts?

Brynawel4

Hi, I will post a statement of affairs shortly. To be honest I never really looked at the fee with Barclays and think at times try to bury my head - but I need to sort myself out as this is worrying me