We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

overdraft

About 25 years ago, I was in debt to my bank who put my overdraft up to £1,400. Since then, I have stayed in credit and changed bank my(arranged) overdraft stayed with me and I would like to know what if anything I should do with it please?

Comments

  • Jami74
    Jami74 Posts: 1,305 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    ktkaffir said:
    stayed in credit and changed bank my(arranged) overdraft stayed with me and I would like to know what if anything I should do with it please?
    So you do not use your overdraft? In which case, either keep it and don't use it or get rid of it. If you are not using it what difference does it make?

    Debt Free: 01/01/2020
    Mortgage: 11/09/2024
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.