Santander won’t REDUCE my overdraft.

Scrimps

workerdave said:

Sea_shell - Please see post that immediately precedes your reply.

 Thanks

the problem is workerdave - youve posted on the debt free wannabee board so people are trying to advise about how to actually get out of debt.
Your bank sounds like theyre being idiots but if your not wanting to get to the root cause of your debt - overspending  behaviour- then youre best off asking for help somewhere other than the debt free wannabee board. the advice will always be slanted to that aim and is only meant to be helpful, no one is getting at you.

workerdave

Hi Scrimps - I was asking re the behaviour of the bank, as their refusal to reduce the overdraft has enabled me to stay in it. As per my original post, I have asked them at times to reduce it and they’ve refused. Surely this indicates that I can pay it back - it doesn’t need to become about statements of affairs//what I earn etc, I just wanted some advice about the bank.

Cheers

Indout96

But quite simply the Bank is not forcing you to spend the overdraft, you are doing that off your own back.
You can complain to the bank as someone has already posted their conditions or you can simply move to a new bank and don't get an overdraft (just leave the Santander account open and pay in the money each month that you can afford to pay off the debt)
But as we have seen many time on this board unless you can get your spending under your income amount you will just build up the debt (an overdraft is just an easy debt) another way - credit cards etc.
good luck with whichever option you choose

Retireby40

Workerdave you need to take some responsibility. You are basically blaming the bank for them providing you with a service that at one time you have requested and which you seem to be availing from.

Now you are in the situation where you cannot control your spending and you cannot think to organise a long term strategy in order to get out of debt. The problem is not the overdraft the problem is your spending and until you admit that nothing is going to change.

It's as if you say are -£2000 and you get a few quid from somewhere and think ok Santander take this £100 and bring it down to £1900. Almost like you need to get the money out of your hands quick before you spend it. Which suggests a much bigger problem than them providing you a service.

Why cant you put aside £50/100 a month and clear it over as I said before a year or so. What is your money going on?

This isnt being judgemental before you go off on one. This is the hard cold facts. 

workerdave

Jesus christ. As if you are still replying! 

Takmon

workerdave said:

Jesus christ. As if you are still replying! 

Hopefully one day soon you will have your "lightbulb" moment and realise people here are only trying to help and you can tackle your debt problems once and for all.

workerdave

Or, they’re just really !!!!!! nosey.

Retireby40

It's of no interest to me or anyone else here trying to advise you what you spend your money on. We dont care.

However you are the one who asked for advice and we are trying to suggest that instead of blaming santander for your compulsive spending that maybe there is another solution. One that will actually help you in the long run.

AliceBanned

I have had a reducing overdraft before as I gradually paid off what I owed. Surely it is part of banks’ responsible lending to offer this?! Oh I forgot they are now charging much higher fees for overdrafts. No connection there then. I think it’s unreasonable of Santander but prove them wrong by gradually paying it off and closing the account. Or can you open a second account and ignore the Santander apart from repayments?

John_

workerdave said:

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.

I didn’t make assumptuous about you either, I just responded to what you posted.

If you want to reduce your overdraft then you need to pay in more each month than comes out in spending and charges. That’s it, there’s no trick, or mystery, you just need to find a way to have your income exceed your expenditure.