Santander wont let me pay off my o/d

smithers1981

OP if you have a compulsion to spend every single penny available with absolutely no self control i would suggest a credit card the worst thing for you to get.

Why not test yourself use some discipline and reduce the amount you are into your overdraft each month whilst leaving the limit unchanged.

Be positive you have made a positive decision to reduce get rid of your overdraft all it takes now is a little will power.

The_Pixi

My God! I can't believe what the OP is posting.

If you really want to reduce your overdraft, bloody reduce it. leaving an extra £50 in each time and just don't spend it.

All this nonsense about acumen / will power etc, grow up OP and take responsibility for your debts - dont spend what you can't afford (don't want to waste)

If leaving the money in the account really is such an issue :eek: open an over the counter only saving account / or direct debit NS&I bonds until you have built up the £700 and then pay it into your account and cancell the overdraft.

And to anyone here who suggested future credit rating damage by using more debt or credit cards. Tut tut.

IrishGypsy

teeni wrote: »

Yes they do a credit cheque every time and it shows on your credit check

No they don't.

The O/D limit is based on a behavioral score that varies from month to month based on your account credits and debits. The odds are, are that you're Max/Preferred OD limit is £0, meaning it can't be dropped to anything BUT that amount without an Underwriters approval. And I highly doubt that they'll reduce it like this each and every month.

The only way - that I was ever aware of - to do something similar, was to go +£100 OD and then the debt collection team can replace it with an OD facility that CAN change on a monthly basis. Don't know the full technical ins and outs on it (I've not worked for Santander for a few months now), but the suggestions given before (of just paying it off then dropping it to zero) are viable, but require self-control on your part OP.