Overdraft

poppyg_2

I have had an email from Alliance and Leicester to say I have been accepted for one of their premier accounts (the ones where they match your overdraft with 0% interest for a year). Will wait for the written confirmation to come through so I can see if they are definitely prepared to match my O/D.

If A&L do match the O/D this will be fab for me, I currently have £3,600 O/D with Natwest and the fact they're charging such high interest means I'm unable to get the balance down on it at all so fingers crossed

I can close my Natwest account down completely then only debt I have with them will be my loan of approx £4.5k.

angeldiva

Good news then!!

Will keep my fingers crossed

kizzykizzywizzy

That'll be great, will you be able to throw more at your loan to overpay it?? or are you just going to have a bit of an easier time of clearing your overdraft??
Sorry, just very nosey!
Hope it works out:T

nimbo

good luck!!!!

Bismarck

:j

you found the key quicker than I thought....very pleased for you!!

poppyg_2

It should just give me 12 months where I can actually throw some money to try and get the O/D done instead of being charged £50 interest per month and feeling depressed knowing I just can't get that down

I am doing quite well with spending aside from that as a result of advice from here, so far so good

GeorgeUK

Well done poppyg. Glad you've got another angle to tackle the debt from. Just remember to keep on top of your outgoings - perhaps with a spending diary. Hopefully you'll never need to use an o/d again.

poppyg_2

Yes definitely want to do a spending diary, great suggestion.

I have set up a spreadsheet at home which lists absolutely everything that comes out of the account so I am basically now giving myself a 'weekly allowance' (bit like pocket money I guess!!) on a Saturday morning!!

Am hoping I can try and get the OD paid off as soon as I can, have got a new job which I start in July and it's extra pay I can basically use to get this down whilst I'm not paying interest