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F&F settlement advice on overdraft
clare155
Posts: 15 Forumite
Hi everyone,
I currently have a graduate account with Natwest and have gone £650 into the overdraft. It is 0% and the 0% allowance will be reducing to £500 on the 1st July so I need to pay some or preferably all of it off as soon as I can.
I was wondering if anyone knows if the bank would consider a Full and Final settlement on a 0% overdraft - I always imagine that banks only consider F&Fs on larger amounts to try to recover some of their money.
When I get paid on Thursday I will probably be in a position to offer £350-£400. What would you offer to them if you were in my position?
Many thanks for any replies and thanks for some great advice that has helped me reduce my debt massively! You guys are great!
Clare x
I currently have a graduate account with Natwest and have gone £650 into the overdraft. It is 0% and the 0% allowance will be reducing to £500 on the 1st July so I need to pay some or preferably all of it off as soon as I can.
I was wondering if anyone knows if the bank would consider a Full and Final settlement on a 0% overdraft - I always imagine that banks only consider F&Fs on larger amounts to try to recover some of their money.
When I get paid on Thursday I will probably be in a position to offer £350-£400. What would you offer to them if you were in my position?
Many thanks for any replies and thanks for some great advice that has helped me reduce my debt massively! You guys are great!
Clare x
0
Comments
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generally they will only agree to a f&f if the account has been defaulted and with collections
no harm in trying tho0
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