Santander won’t REDUCE my overdraft.

theoretica

Its mostly a difference in words, but would they cancel it by stages?  Say £250 a month over 8 months?

sourcrates

On my Banking app, i can reduce the OD to whatever level i choose.

If this is a persistent problem, try the complaints route first, last resort would be to stop using the account, and transfer your banking to another basic bank account, with no OD facility, and treat your old account as just another debt to service.

John_

workerdave said:

Thanks for being judgemental, John. If only i’d already have thought of that. 

I’m not being judgemental, just politely trying to explain that the bank is not there to act as your parent or guardian like this. I assume that you are possibly just out of school, and so not used to budgeting yet but you will need to learn to do so. This includes putting money away for emergencies, so not spending everything each month.

workerdave

John_ - I’m very aware of what the purpose of a bank is. I was just asking advice as they’re refusing to help me to reduce the debt, and I wasn’t sure where I stood on this. I want to get rid of it but don’t have a £2000 lump sum, which is what Santander had told me I needed to close the overdraft.

Some helpful people have given me some advice that I will now work with. They didn’t make assumptions about me, they answered my question. You’d do well to do the same on future posts.

john_k_ni

same for me

Retireby40

OP what is your current employment status?

How much do you earn a month and how much is your rent/car/food etc. 

It will give people a better idea how much you could realistically pay of the overdraft a month.

It will take willpower and unfortunately it is easier to spend money than to save it but that is what is required. No quick fix just a plan every month for the next say 12 months.

workerdave

With respect, my query is not to do with my earnings etc.

I was asking regards the banks behaviour, which I will now challenge and have some alternative options to consider should I need to explore alternative avenues.

 Thanks all, i’ve got the answers I need.

Sea_Shell

Do you think that having no overdraft facility will solve your issues?   Were you only buying "fun" stuff with it, or day to day REAL needs (groceries etc).

You might think the bank are responsible, but what's your plan, if they do what you've asked.

workerdave

Sea_shell - Please see post that immediately precedes your reply.

 Thanks

Retireby40

We were trying to help as your salary directly impacts how your going to pay your overdraft off. So if the people here had an idea of your incomings and outgoings we would be able to advise a plan that is both realistic and possible.

Ultimately it's your responsibility to earn more and spend less and that's the only way your going to clear it. Set yourself a goal of say £100 a month and stick to it. Going out at the weekend or splurging on new clothes or whatever is going to have to take a back seat for a while.