NatWest Overdraft - Pls Help

SAVINGMUM_2

I have an overdraft of a staggering £2500 with Natwest, and whilst on maternity leave i managed to get into it to the max and now i can't get out of it.

I have went back to work only part time and now only take home £700 mth. I have an appointment this week at Natwest as they have called me in to review my overdraft. Do you think they are going to take this off me? If so will they just take it all in one go or will i be able to reduce it gradually.

Im really worried as i couldnt afford for them to take it in one go.

Thanks in advance

Rafter

Be honest with them and don't sign up to anything there and then.

I suggest you go talk to citizens advice or give the CCCS a call and talk through your options.

You may be able to agree a repayment schedule with Nat West and get relief for some of the interest.

They cannot expect you to repay money you cannot afford but it really depends what your other assets are and whether you want to risk damaging your credit rating.

Good luck and hope the meeting goes ok.

R.

Phoenix79_2

Did you ask for a bigger overdraft or did they keep increasing it automatically? My od with Natwest is £2500.....and i haven't been overdrawn by more than £100 in the last 6 months.....yet they still keep on increasing it.

SAVINGMUM_2

They just automatically increased it, i didnt even realise for a while.

Phoenix79_2

They probably want to talk you into taking a loan to clear your overdraft. Go along, see what they say and don't get talked into taking out anything you don't want to.