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Massive rise in Nat West overdraft cost
Comments
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sourcrates wrote: »For a 5k debt you will not be looking at an insolvency solution, debt management at the very worst will be the chosen option.
He is and has been in £40,000 + of debt plus £5,000 in the red and due to Natwest increasing the o/d charges he is now in deeper do-do.
He has been treading water for a decade - now he needs to tackle it.
If it were me I would try and stooze some cash over the next few months and put it in a safe and forget about it.....stop paying all debts and save that money as well. Then after 3 or 4 months push the button on an IVA.0 -
foxy-stoat wrote: »He is and has been in £40,000 + of debt plus £5,000 in the red and due to Natwest increasing the o/d charges he is now in deeper do-do.
He has been treading water for a decade - now he needs to tackle it.
If it were me I would try and stooze some cash over the next few months and put it in a safe and forget about it.....stop paying all debts and save that money as well. Then after 3 or 4 months push the button on an IVA.
Very unlikely that anyone will allow a person so heavily in debt to stooze
# 365 Day Penny Challenge 2021 £111.84/£667.95, # Virtual Sealed Pot 14 £7.56/£200, # Saving for Xmas 2021 £1 a day: £82/£365, # 1 debt vs 100 days £1,240/£1,240, 1 debt vs 100 days £1,000/£1,000,1 debt vs 100 days £0/£3,540,#80 Pay all debt by Xmas 2021: £2,555/£11,295.000 -
AbundantBudget wrote: »Very unlikely that anyone will allow a person so heavily in debt to stooze
Depends on how much credit is left on the credit cards. Needs to open up another bank account though.0
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