My £1250 authorised overdraft with the Halifax is due to be reviewed in May and it's come to my attention this evening that I could be in for some severe financial penalties if I don't get this money paid off asap.
I'm very ill and therefore don't work. I live on benefits, so paying back the full amount would take a considerable period of time. I've had the overdraft for about 10 years and I'm always up to the maximum amount each month.
I'm scared to phone them to ask for advice (and reassurance) in case it provokes them.
Am I likely to be expected to pay back the overdraft immediately??? Is there a chance they might start charging me heavily (I heard it could be £2 a day) for an authorised overdraft.
I've got myself into quite a state about this which merely exacerbates my condition.
Any advice at all would be welcome. Thanks.