We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
paying off an overdraft
mattd_2
Posts: 3 Newbie
What are the best ways to pay off an overdraft? I have recently transferred from one current account to another and the long and short of it is they won't match my previous overdraft limit.
Appreciate some advice.
Appreciate some advice.
0
Comments
-
How much are we talking about? What is your income and how much spare cash do you have each week/month??0
-
£2k o/d
£2.5k monthly income
little spare!0 -
Well you are going to have to make some major cutbacks in your spending?
In theory your present bank can call in your overdraft at any time and may become jittery when they realise your salary is not going into their bank anymore.
IMO you need a minimum of £100 to repay your o/d every month.
If your new bank will not match your O/D will they give you a loan?
Go to the debt wannabee board and prepare a complete statement of income and expenditure.0 -
sound advice. thankyou0
-
2.5k is a lot to spend every month. Is you do list of everything (Statement of Affiars), I'm sure the clever peoiple on here can save you loads.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards