We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Need some advice on how to treat an overdraft that the bank are calling in.
BigCraigJohn
Posts: 1,082 Forumite
Its not a huge one but more than enough to care about.
Its about £500 and the bank have told me they are not renewing it. I have not paid into the account for a while and they have been adding there monthly charges and interest. In fairness I can afford to repay very little and they know this, i'd say I can afford nothing but that is not an option.
I have no debts or other accounts with them other than a credit card which i'm repaying a dca at £5 a month. Would I be best to offer them £5 a month and see if they give to a dca?
The other thing is, what is the deal with charges as they are bound to so no and they have these hideous daily charges. I'm happy to have a go at repaying the overdraft and whatever so far but if they think i'm paying £85 a month in daily fees they can see me in court for it.
Its Lloyds btw so any advice would be much appreciated.
Its about £500 and the bank have told me they are not renewing it. I have not paid into the account for a while and they have been adding there monthly charges and interest. In fairness I can afford to repay very little and they know this, i'd say I can afford nothing but that is not an option.
I have no debts or other accounts with them other than a credit card which i'm repaying a dca at £5 a month. Would I be best to offer them £5 a month and see if they give to a dca?
The other thing is, what is the deal with charges as they are bound to so no and they have these hideous daily charges. I'm happy to have a go at repaying the overdraft and whatever so far but if they think i'm paying £85 a month in daily fees they can see me in court for it.
Its Lloyds btw so any advice would be much appreciated.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards