extend overdraft/self employed

someonehadmyusername

can i extend my overdraft

i have a £200 overdraft at the mo with halifax which i got when i was unemployed

i have been self-employed since february,

would they extend my overdraft

im scared my b/f will not get paid this week due to him probably getting sack tomorrow or friday etc

its end of the month and 1st of month and all the direct debits will be coming out, just wanna be safe in the knowledge that if he doesnt get paid, at least our bills will be ok for now
xx

cifpower

Firstly, its overdraft.

And secondly, there is no harm in asking. Its the only way to find out. Ring them up.

someonehadmyusername

lol overdraft

im scared to call in case they laugh and say no way!
x

cifpower

if you need it, you dont get without asking

someonehadmyusername

well, just called, she said yes how much were you thinking
i said depends whats avavilable to me
she said quite a lot, pick a number

i said £600?
she said ok

she said as i 'hold a good account with us' she could also offer me a credit card which i refused :A

what does that mean-i hold a good account?

and whats the limit on an overdraft??
x

cifpower

The limit is subject to status but you have a £600 limit.

Happy now

Ember999

someonehadmyusername wrote:

well, just called, she said yes how much were you thinking
i said depends whats avavilable to me
she said quite a lot, pick a number

i said £600?
she said ok

she said as i 'hold a good account with us' she could also offer me a credit card which i refused :A

what does that mean-i hold a good account?

and whats the limit on an overdraft??
x

If you have been given a £600 overdraft by your bank, then your limit is £600.

To say you have a 'good account' means that in their opinion you have handled your acount well, regular deposits/salary payments occur etc. and they are happy with you as a customer. The fact they offered you a credit card shows that. If you are concerned about running up debt, I can see why you declined the credit card, but for a lot of people a credit card (if handled correctly!) can help them make the most of their finances etc. Utilising the interest free period means you can leave cash in your bank to earn interest etc. but I guess you have to be disciplined in order to avoid getting into debt.

Sorry to hear about boyfriends job...hope it all works out

Ember x

someonehadmyusername

i know my limit is £600 but how much overdraft can you get

she just told me to pick a number, whats the biggest overdraft you could get

i only want it to cover dd's, cheques etc in case of emergency

never want a credit card if i can help it- just want to be tided over untill b/f gets new job etc
x

cifpower

someonehadmyusername wrote:

i know my limit is £600 but how much overdraft can you get

she just told me to pick a number, whats the biggest overdraft you could get

i only want it to cover dd's, cheques etc in case of emergency

never want a credit card if i can help it- just want to be tided over untill b/f gets new job etc
x

Overdrafts can go up to £10000 or more. All depends on your salary and credit rating.

someonehadmyusername

:eek:

omg!
x

someonehadmyusername

forgot to ask

they said that overdraft would run till 27th july 2006

what does that mean??
x