Bank Accounts allowing big overdrafts

smallzoo2

hi

What's the size of the current facility?
--- 2 Accounts - One with £1500 overdraft and One with £4000 overdraft

Are all charges for arranged overdraft use, or do you have unarranged overdraft charges too.
--- 95% for arranged use


You say "we", but then quote "my" income. What's the other party's income?
-- Its my income that keeps the accounts running, my wife earns just enough to run her car, catalogue etc so she has a separate small halifax account


What's the max/min balance throughout the month?
-- As I am self employed its really does vary but generally starts around the max overdraft at the start of the month and because what I earn basically pays for a bill it doesn't really reduce during the month

Are you reducing it month on month?
-- No

Total charges in a typical month?
-- over the last 2 years it was about £2200

Can you earn more?
-- Wish I could but I am also a carer for my mum who lives with us ( unpaid ) so I can only work remotely but end up working at least 2 jobs at once

Can you cut back anywhere?
-- We have recently reviewed all our direct debits etc so in the process of seeing what we can do

Can you sell anything?
-- Do that occasionally but I I dont think my £500 car is going to make us a lot of money lol

YorkshireBoy

smallzoo2 wrote: »

--- 95% for arranged use

It's the other 5% (of unarranged overdraft charges) that may hamper you in getting an account with another provider (the aforementioned Nationwide FlexDirect) if the transgressions are reported on your credit file. But even if you could get it, then rest of your post indicates it's only going to postpone the inevitable.

With a saving of £91 a month you're only going to be able to knock £1,100 off the £5,500 (leaving £4,400)...and then it starts all over again!

Others will be able to advise on 'hardship' options, but may I suggest you post a SOA on the debt-free wannabe board for some general help with your problem.