What is the best way to repay overdraft?

Kerrie2511

In June 2018, I was robbed by knifepoint at work they stole £186 from the till. I had about a month and a half off work. I ended up using my overdraft to cover the shortfall of wages. I have just struggled to get out of my overdraft. Every time I come close somethings happend.

I owe £1300, what can I do to get out of it. It’s really getting me down now.

Thanks for your help

elsien

Complete an SOA so you can see where your money is going and people can suggest where you may be able to make changes.
When you say everytime you get close something happens, what sort of somethings? If you've got an accurate budget and emergency fund then then bar completely unforeseeable events, that should keep you within budget and allow you to pay off the overdraft.

Willing2Learn

Kerrie2511 wrote: »

In June 2018, I was robbed by knifepoint at work they stole £186 from the till. I had about a month and a half off work. I ended up using my overdraft to cover the shortfall of wages. I have just struggled to get out of my overdraft.

I owe £1300, what can I do to get out of it.

That does not sound legal to me. Surely if you were robbed at work, you would not have to pay a penny to your employer.

How come you have gone from using the overdraft to repay your employer £186, to suddenly becoming overdrawn by £1,300? What happened?

And an SOA would help us to provide you with better advice, guidance and support...

JCS1

Willing2Learn wrote: »

That does not sound legal to me. Surely if you were robbed at work, you would not have to pay a penny to your employer.

How come you have gone from using the overdraft to repay your employer £186, to suddenly becoming overdrawn by £1,300? What happened?

And an SOA would help us to provide you with better advice, guidance and support...

I think they mean off work for 6 weeks guessing on SSP and used overdraft as not getting paid full wage.

Kerrie2511

I don’t pay employer, that was just a background story. As to why my issue started.

I was off for a month and a half possibly a bit longer with trauma. I still had bills to pay and sick pay wouldn’t cover it.

Willing2Learn

JCS1 wrote: »

I think they mean off work for 6 weeks guessing on SSP and used overdraft as not getting paid full wage.

Kerrie2511 wrote: »

I don’t pay employer, that was just a background story. As to why my issue started.

I was off for a month and a half possibly a bit longer with trauma. I still had bills to pay and sick pay wouldn’t cover it.

Yes, I misunderstood what you meant. Are you back at work full-time now? Please post up your completed Statement of Affairs (SOA) so that we can see your exact income, expenses, debts and assets.