help

pvcqueen

hope some one can help me out there i been trying to get out of debt for some time now and aways end up using overdraft i have one account that i use for my pay and one account for my husbands witch is a joint account both with diffrent banks both with loans in my name would i be better of having only one account in both names and just tranfering loan money over into the other one thanks

LilacPixie

What we do is have 1 account that has all direct debits and standing orders coming from it and the wages going into it monthly. We then have another joint account that I transfer all of our wages left after covering the payments. this account I use for shopping These accounts are with the same bank and I control the cards

My husband has a basic account with natwest and he gets a £20 a week standing order paid in each week because he spends money on crap and therefor isn't trusted with the main cards because he treats the overdraft like an usual part of his income not as an emergancy buffer

pvcqueen

hi lilacpixie thanks for your email yes i think i need to use just one bank it would make life easer then i mite be able to fight the debt problem

Donedoingdebt

If you've not defaulted on any accounts yet but can see it possibly happening in the near future, personally, I would close any joint accounts & both have your own single accounts.
Otherwise, if one of you defaults, it will affect the credit files of both of you.
If you have single accounts, the defaults will only affect the credit files of that person.