Help - HSBC demanding overdraft repayment

4 Posts
Hello,
I have a £700 overdraft from HSBC. It used to be my graduate overdraft but I no longer use it as my main acc - havent for years. The interest comes to about a tenner a month and I usually pay in £15-20 a month. I got married recently and had a lot of bills to pay. The acc stood at approx 550od and I overdrew it back down to 680. I now regret this hugely!
On return from honeymoon I had a letter stating I should pay in £280. It was worded fairly lightly. I couldnt afford this and tbh forgot about it and paid £20 in as usual. Today ive got a more strongly worded letter saying I had failed to pay thae amount requested, and to pay in £270 this month. I really cant afford this. What should I do? Ive never failed to pay in each month and never been over the limit. Its worrying me.
I have a £700 overdraft from HSBC. It used to be my graduate overdraft but I no longer use it as my main acc - havent for years. The interest comes to about a tenner a month and I usually pay in £15-20 a month. I got married recently and had a lot of bills to pay. The acc stood at approx 550od and I overdrew it back down to 680. I now regret this hugely!
On return from honeymoon I had a letter stating I should pay in £280. It was worded fairly lightly. I couldnt afford this and tbh forgot about it and paid £20 in as usual. Today ive got a more strongly worded letter saying I had failed to pay thae amount requested, and to pay in £270 this month. I really cant afford this. What should I do? Ive never failed to pay in each month and never been over the limit. Its worrying me.
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try and do something/ anything as they can just remove the entire overdraft facility and then it will end up costing you a fortune in interest and charges - good luck.
You probably will have to speak with an overseas call centre, but arranging a repayment plan will probably be necessary, and they'll almost certainly be asking for more than 20 a month.
Total - 10762/10762
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If you keep your promises you may never hear from them again.