Bank of Scotland Overdraft Charges

vka1990

Hi, my fiance has just told me he has a £2800 overdraft which he is really struggling to pay back. He is getting charged £2 per day he uses it so the charges alone are in excess of £60 most months.

Any ideas on cutting this down? Or do you think it's possible to arrange the charges to be stopped and pay it back over time?

Thanks.

arthursleep

vka1990 wrote: »

Hi, my fiance has just told me he has a £2800 overdraft which he is really struggling to pay back. He is getting charged £2 per day he uses it so the charges alone are in excess of £60 most months.

Any ideas on cutting this down? Or do you think it's possible to arrange the charges to be stopped and pay it back over time?

Thanks.

I have same overdraft , first thing is to get it below 2,500 as then you pay $1 per day rather than 2. I doubt they will stop charges i am just ringing them to reduce it as and when i can. I also think there are super balance transfer cards you can use to move the balance to (hopefully someone more knowledgable will be along soon)