Letter from the bank

debtfree2008

Hi all this is my first post, i hope i have selected the right forum sorry if I havnt.


I am recent graduate who has just left my old job that I had whilst at uni to start looking for a career. So at the moment I am unemployed but next month i still have a small wage from my old job to come to cover next months bills

i have 2 accounts with the same bank

1. Graduate account - £2000 overdrawn with a limit of £2000, this is interest free for 3 years but a £1000 of its is only interest free till July

2. Current account - £850 overdrawn with a limit of £1150, this i pay interest on at a silly rate works out around £12 -£15 a month. I am trying to pay this debt of first for obvious resaons.


However this morning i recieve a letter from my bank saying that my overdraft facility is up for review, to ensure the bank and customer are fully satisfied and for me to call them to arrange a review of my borrowing needs and agree a satisfactory level for a new overdraft facility.

Im now a little worried about this, as I have no job and i am not sure what will happen at this review.

Any advice?

Thanks in advance

frugglewump

I got a letter just like that from HSBC on graduation. Basically it was an attempt to get me to take out a loan to cover the overdraft.

debtfree2008

Do you think thats all it will be

how do you think they will react to the fact i dont have a job at the moment though

debtfree2008

anyone else?

Adrasteia01

They'd probably be less inclined to offer you a loan or other products without you having a job. It would be better if you lined up one before you meet with the bank, even if you haven't started at that point.

I doubt they'd take away your overdraft, although they might choose to reduce it.