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Out Of Control Overdraft Help Please

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Hi All

 

After all the help I've received on here I am fairly clued up on the actions to take when faced with difficulty with credit cards and loans.

 

However, I am struggling to understand what the steps are when dealing with an overdraft that is about get out of control.

 

I have a large overdraft and the interest/fee every month is killing me. I have been paying this charge every month but I cant carry on. All I am doing is servicing the overdraft. Its not going down.

 

What I am worried about is the minute I stop paying then I will be hit the £35 per day charges+interest.

 

I can imagine within a couple of months or so the debt will probably have doubled. Thats the reason why I have been trying to pay the monthly fee but I cant go on like this anymore.

 

Can anyone offer me any advice?

 

Thanks

 

Vicky

xxxx

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Negotiation?


"To love unconditionally is the greatest gift, laughter is a close second" .To give your time to help others after being helped here is the best way to show your appreciation to your fellow CAG members.

 

Please note that this advice is given informally, without liability and without prejudice. Seek the advice of an insured qualified professional if you have any doubts. All my knowledge has been gained here, for which I'm very grateful. I'm a Journalist, not a law professional.

 

If you do PM, make sure to include a link to your thread as I don't give out advice in private ;)

BB 13 - DCAs/banks and solicitors 0.

 

I get a fresh start to get on with learning to live with severe disabilities when they could have had something if they'd been understanding...

 

<--- If you feel I've helped, please twinkle my star :)

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Thanks BabyBear.

 

I am going to see my local branch. Would this kind of thing be dealt with at branch level?

 

Vicky

xxxx

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Depends on teh branch but it's worth a try...Some banks have been known to be reasonable when presented with the facts in person.


"To love unconditionally is the greatest gift, laughter is a close second" .To give your time to help others after being helped here is the best way to show your appreciation to your fellow CAG members.

 

Please note that this advice is given informally, without liability and without prejudice. Seek the advice of an insured qualified professional if you have any doubts. All my knowledge has been gained here, for which I'm very grateful. I'm a Journalist, not a law professional.

 

If you do PM, make sure to include a link to your thread as I don't give out advice in private ;)

BB 13 - DCAs/banks and solicitors 0.

 

I get a fresh start to get on with learning to live with severe disabilities when they could have had something if they'd been understanding...

 

<--- If you feel I've helped, please twinkle my star :)

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