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Hi all,


I really need some advice and help. In a weeks time, my Nationwide overdraft will be changed from £4500 to £250. I also have a overdraft of £2500 from Natwest. In total I owe £7000. I still have a week till the overdraft is official changed.


What are my options? I would like to be able to agree something with Nationwide. I really dont want to screw up my credit score, in case I want to get a house in the future.


Unfortunately I dont have a job but expect to get one within the next 6 weeks. What is the minimum payment and time schedule can I get them to agree to.


Any advice would be really appreciated.

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Hi, welcome to CAG,


Why is the OD facility being reduced?

I would expect that any repayment ''plan'' negotiated would result in it being reported to the credit reference agencies.


I agree your best bet is to approach your branch and attept to negotiate,but make sure you speak to someone with authority to make a decision.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

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Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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Thanks for the reply.


Its kind of sorted. I've got two accounts with Nationwide. One has £4500 and the other has a overdraft of £500. Luckily the letter was was for the latter account to reduce to £250.


Overall I have 5 months to cut down the limit before the account gets reviewed again. Need to start cutting costs.


Sidepoint: I rang nationaldebtline.



I waited for 15 mins. When the call was answered. They kept asking a lot of personal questions, real name, address and phone number. Before I gave the details, I asked why they needed them if they are confidential. They said it was to send me information. I replied I don’t want this information sent to my house. The woman immediately put down the phone. They seem very dodgy and unprofessional! What is your experience knowledge about them.

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National debtline are fine. They are recommended by a lot of people to help. There are no dubious dealings with them, and they simply need your info so they can send you information by post.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


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