Halifax OD advice

MediaGuy

Hi,

For once, this isn't about me My wife has the bad fortune to have one. She has always struggled with money but has been pro-active in paying down all her debts.

This move to daily interest etc is essentially the straw that broke the camels back. She is paying somewhere close to 56% per year.

She lives in her OD (3K +)and has never been out of it. She cannot afford the new structure. She rang up to try and convert it to a loan but was told no, twice.

I have told her to open a new bank account, which she has done. However Halifax will want paying. She is not trying to avoid the debt but come to an arrangement to pay.

What are the options ? I have figured out that if Halifax stopped the interest (and stopped being idiots) it could all be done and dusted in two years.)

Cheers!

sourcrates

Hi,

All she can do, is write and ask them to freeze the charges, close the account, and let her repay it over time.

She must mension she is in financial difficulty, otherwise they won’t help.