Need help repaying overdraft!

MM01

Hi,

I was a part-time student and had to use my overdraft to cover rent and books etc and now I'm £500 in debt.

Lloyds are calling asking for the money and I've talked with them but they're getting quite serious.

I was thinking of getting a small loan but no banks will loan out money to an unemployed person.

Any ideas of what to do?

bbfc

This must of been going on for some time as usually a bank will set-up a repayment plan. I had a student overdraft with HSBC for £1500 and i reduced it by £120 a month, and I was clear in just over a year. They were more than happy to set that up for me. This was over 3 years ago now.

I find it hard to believe that they are just demanding the money and not budging.

Tremour-88

Like bbfc said, I also had a overdraft when I was young of £500 which I couldn't afford to repay but Nationwide lowered it by £30 per month as I made payments into it. All banks should offer this if you ask them.