I think im getting out of my debt (with help of parents)

Dan0956

This isnt a brag, this isnt a gloat, this is a declaration of surrender.

I have been overdrawn 7k (all overdraft) for a few years now. Its partly being unemployed, partly a medical accident i had, partly because i well ok i admit it, i like spending money.

The banks kept exstending my overdraft !! So my OD limit is £7300 and im always around the £7000 limit before payday.

Mum has agreed to loan me the money, interest free. i will be paying it back at £150 a month till its paid off (roughly 4 years).

The big step now is to cancel all my overdrafts and make sure i dont use them !!! its easier said than done though.

Ive been given a 2nd chance, now i just need to take advantage of it

IcklePickle_2

It's really good that you have this chance. CANCEL all the overdrafts as SOON as they're paid off and don't ever use them again.

You need to sit down and have a look at why you overspent - which habits can you change to make sure it doesn't happen again? Take this as a chance to build up some savings for the future.

Pretend you're not getting bailed out - what would you have to do to get yourself out of the situation and repay the OD?