unplanned overdraft Lloyds

innovate

bezpaliva wrote: »

so what can i do?? i dont have spare money to pay them. can i close my account then???

You had "spare money" when you spent it, you didn't complain then.

Afraid, you'll have to find the money to repay your debts. You may be able to agree a repayment plan with Lloyds, and they might (no guarantee whatsoever) waive the charges if you ask nicely.

Take this as a lesson for the rest of your life - - every penny you spend has to be your money. Don't expect other people / banks to manage your budget, you have to do this yourself. Though, as reclusive46, Lloyds (as well as other banks) will help you with the management, against a fee.

Just to clarify, unplanned overdrafts aren't unique to Lloyds. All accounts with overdraft options, at all banks and building societies, can go into 'unplanned' overdrafts.

Attempting to close your account won't change the fact that you owe Lloyds money.

bezpaliva

innovate wrote: »

You had "spare money" when you spent it, you didn't complain then.

Afraid, you'll have to find the money to repay your debts. You may be able to agree a repayment plan with Lloyds, and they might (no guarantee whatsoever) waive the charges if you ask nicely.

Take this as a lesson for the rest of your life - - every penny you spend has to be your money. Don't expect other people / banks to manage your budget, you have to do this yourself. Though, as reclusive46, Lloyds (as well as other banks) will help you with the management, against a fee.

Just to clarify, unplanned overdrafts aren't unique to Lloyds. All accounts with overdraft options, at all banks and building societies, can go into 'unplanned' overdrafts.

Attempting to close your account won't change the fact that you owe Lloyds money.

thank you for your reply! first time it happend to me, they waived it and i didnt pay anything. this time they will probably make me pay

Gromitt

bezpaliva wrote: »

so what can i do?? i dont have spare money to pay them. can i close my account then???

You can close the account, but you must pay back any money owed plus any bank charges that will occur before you can do so. If you refuse, they could refer the account to a debt collector who might knock on your door asking for the cash (or take you to court, depends on the amounts involved).

If you don't have the money to pay them, they'll charge you for each day you remain in this situation, so you need to borrow it from somewhere cheaper than the bank! (Friends? Family?)

Fiddlestick

bezpaliva wrote: »

so what can i do?? i dont have spare money to pay them.

Just how much are we talking?

can i close my account then???

Of course, but you need to pay the money back first.

DevCoder

bezpaliva wrote: »

thank you for your reply! first time it happend to me, they waived it and i didnt pay anything. this time they will probably make me pay

So this is the second time?

They will (probably) make you pay as they only tend to do one goodwill gesture (mostly in any 12 month period).

Keep a tight control of your money, you're a student so have a budget spreadsheet.

debtfreeby2013

If you want to stop going into your unplanned overdraft you can set up a free texting service with Lloyds. They text you when you are in the last £50 of your account and then text if you are on or over your limit and give you till 3.30 that day to pay it in. It's free and is actually a really good service. (before anyone asks, I don't work for them but am a customer of theirs and once had loads of problems staying within my planned overdraft but since using the text service I have avoided charges on all but one ocassions in the last 2 years - not had for someone who was paying £180 in charges a month)

bezpaliva

Fiddlestick wrote: »

Just how much are we talking?




Of course, but you need to pay the money back first.

about 40 pounds

bezpaliva

debtfreeby2013 wrote: »

If you want to stop going into your unplanned overdraft you can set up a free texting service with Lloyds. They text you when you are in the last £50 of your account and then text if you are on or over your limit and give you till 3.30 that day to pay it in. It's free and is actually a really good service. (before anyone asks, I don't work for them but am a customer of theirs and once had loads of problems staying within my planned overdraft but since using the text service I have avoided charges on all but one ocassions in the last 2 years - not had for someone who was paying £180 in charges a month)

oh really?? thanks! maybe i could lie them? :A saying that the last i asked them about this service it but they didnt do it ))??

debtfreeby2013

bezpaliva wrote: »

oh really?? thanks! maybe i could lie them? :A saying that the last i asked them about this service it but they didnt do it ))??

That wasn't what I actually meant and they probably wouldn't accept that anyway - they only give one 'good gesture let off' in any 12 month period because the fact of that matter is that you should be checking your account.

Pay the £40, Get the text service set up and Internet banking if you haven't already and check the Internet everyday for your balance until your sorted - that's what I did.

bezpaliva

debtfreeby2013 wrote: »

That wasn't what I actually meant and they probably wouldn't accept that anyway - they only give one 'good gesture let off' in any 12 month period because the fact of that matter is that you should be checking your account.

Pay the £40, Get the text service set up and Internet banking if you haven't already and check the Internet everyday for your balance until your sorted - that's what I did.

how do i get text service set up?
what if i dont have 40 pounds now? can i ask them to stop UO till i have this amount of money??