Thanks for the advice Am hoping to pop into a branch and explain the situation. willletyouknow how i geton - make take a few days to actuallygo there tho - am away from home and havent anypaper work with me but am sure i have it at home somewhere. thanks

Hi there I took out a student account with hsbc in 2000 graduated in 2004 and was put onto graduate account. when i took out the student account there was an interest free overdraft increasing up to £1500 over the four years as a srudent the it was supposed to decrease slowly for the four years after that. However they didn't do the decrease bit with my account so i have kept using the interest free overdraft facility. In July i recieved a letter to say that after 30 days my interest free overdraft would decrease from £1500 to £500 and I would be charged at 18% for anything over. So I quickly paid in £1000 to get it back to £500 overdrawn. Then i recieved another letter saying the bank had made a mistake and i would have the interest free overdraft up to £1500 till november and it would be reviewed then. given the current climate i have had to use uo to that amount. Recieved a letter yesterday to say that i could keep the overdraft of up to £1500 but it would no longer be interest free and charged at 18%. I can't afford to pay it off straight away but don't want to be stuck with that amount of interest to pay. is it possible for me to have the interest stopped and pay off a certain amount each month till its cleared - would that affect my credit status? I'm also wondering if it would be possible for the bank to follow the procedure they originally promised and decrease the amount over a four year period? any advice would be appreciated