One Account Bank/Mortgage/savings

Zigi-1

Very new DFW. I am in a quandry whether I should try OneAccount RBS bank. Mainly I do have loan debts but also struggling to pay day to day things. So working it out I could remortgage, and thereby "pay off" the worst debts making a better saving percentage wise and having it all come out of one pot so to speak. I just need to know if anyone has any experience or knowledge of the One Account way of banking?? I also have now completed my Budget planner find I am spending a little more than I earn. But this has only just happend and I am trying to straighten it out immediately.
Thank you for reading this far!! Very worried

Zigi:smileyhea

melie3

hi,
ive personally got one account, it doesnt work for everyone. seeing your current situation living beyond your means, this is not gonna be any good for you what ever bank you have. one account is basically a MASSIVE O/D. if you are good with money and can save too then this is good. also they only ever take the interest on the amount you owe, the 'capital' part is your responsability to leave it in, hence why the ad says you can pay what you can afford. we've not been good with money have got into a pickle, was paying back our arrears then BOOM my hub has been signed off work sick. one account are not lowering interest in line with BoE at the moment, and i read on a forum offset mortgages could have INCREASED interest charges now.

HTH
melie3