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Overdraft & Self Managed DMP

gorskiii · 2024-09-30 17:14:15

I’m already on a self managed DMP and have been since last November. It’s all going well bar a few bumps in the road. One thing I have never tackled is my overdraft. Hence the post. Can you ask a bank to freeze the interest charges on your overdraft and then agree to pay £x per month to gradually reduce it? Would they then…

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AgentBigBoss Posts: 13 Forumite

26 July at 5:22PM

If loans, credit cards and overdraft is within same creditor, Is it better to wait for them to default and after that write to them about intention of defaulting also overdraft (if it s still not defaulted) or just write to bank and ask to default all accounts?

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Overdraft & Self Managed DMP

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