Offered a Natwest loan to get out of perpetual overdraft

annetheman

Hi everyone, I hadn't logged in in years so I thought I'd give you all an update:
I didn't take the loan, my overdraft is STILL 0%, I am on a graduate account. I have no idea why it is still 0% but god bless my bank... Anyway long story short, I received my money back from HMRC for overpaid tax, I was on emergency tax (a K number !!) for months, and received nearly £2,000. I also received my annual bonus so am comfortably out of my overdraft and even have a few thousand pounds saved, which is weird to say!

If anybody searches for help with something like this, having received a similar offer - my advice is do not take the loan! Live within your means i.e. don't spend more than you earn, stay on the low/no-interest overdraft, and eventually either save or receive somehow (for me it was overpaid tax and work bonus!) enough to get out of the overdraft on your own.

Thanks for all the advice!