hi im wondering if any one can help me... i have been a customer with hsbc bank for over 7 years and when i was 22 i took out a loan of £5000 with them based on paying them back £175 p/m for five years. in 2005 i went to university and they 'upgraded' my acct to a student acct with an over draft limit of £1,200. they also offered me a credit card with a limit of £750 which they then extended two months into the first year of my degree to £1500. by the beginning of my second term, living in brighton with high rent of £400 and living expenses, i was struggling to keep my head above water. by the summer i couldn't pay any of it off. no matter how hard i worked i couldn't stay on top of my repayments. i went to the bank asking for help and in july of this year they offered me a 'managed loan'. they covered all of my debt owing on my loan, credit card and overdraft which amounted to 9400 and asked me too make them an offer of what i could repay per month. i offered £150. they agreed to this and i set up the amount on direct debit and thought no more about it, other then the utter relief that they had been so helpful. after a few months i started to notice how little i seemed to be repaying on the balance. in 6 months it has reduced by £200. i went to get a print out of my last 6 statements and notice that every time my £150 was credited, hsbc debit £92.83 in interest. on a debt of £9400 i am paying what works out to be almost 66% interest. this can't be right, how will i ever pay this debt back when only £58 of my £150 is actually paying off the balance. i work 55 hours a week to keep my head above water and i seriously need some help with this as it just seems so wrong for a 23 year old to be repaying almost £30,000 for the rest of my life. i know it sounds dramatic but im scared i will never be free of this debt and that my bank have me exactly where they want me. making money from someone who just doesn't have it. any thoughts or comments regarding this are more then welcome. please help.