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Fed up - yet another month of being overdrawn

(12 Posts)
SPARKLER1 Tue 31-May-05 18:07:18

Title says it all

sparklymieow Tue 31-May-05 18:07:45

oh dear I am always in my overdraft.......

SPARKLER1 Tue 31-May-05 18:11:38

every month I say right I am going to allocate myself a certain amount each week but I still keep ending up visiting the cash point or using my debit card.

nutcracker Tue 31-May-05 18:13:59

We live in our overdraft. Dp's money goes in the overdraft is restored, bills go out and the overdraft is right up to the limit.

It does get to me I have to admitt but thats just the way it is for us.

weesaidie Tue 31-May-05 19:24:14

I know what you mean.

I hate being in debt!

Recently I have been managing to stay out of it but then they cut off my tax credits because I hadn't signed some letter they sent me last June! I honestly don't think I received said letter as I am pretty organised on that front. Basically they have reinstated it but I have lost about £400 and have had to get an overdraft to pay my rent!!

Grrrrr.

jambo1707 Thu 09-Jun-05 20:34:39

yip us too

we over drawn our overdraft every month= bank charges etc.

Wish i had a magic wand to help me consolidate y debts into 1.

only problem is i aint a home owner, have bad credit rating

whos gonna touch me with a fair interest rate no one just these loan sharks

lilaclotus Thu 09-Jun-05 20:40:32

we used to go over our limit every week and payed a fortune in charges. we're still floating above our limit now, but haven't gone over in over a year. i keep a very very close eye on every thing that goes out to avoid going over. internet banking makes that so easy.

SaintGeorge Thu 09-Jun-05 21:02:49

jambo - have you spoken to your bank about consolidating?

Sometimes, even with a bad credit rating, they will consider a loan if it is for consolidating existing debt if you approach them in the right way.

List all your income and expenditure - and I mean ALL, including things like the bank charges. Then figure out the total amount oustanding on any loans/HP/credit cards etc. Ask for a face to face interview at the bank, not a telephone loan application - you will hopefully get a more sympathetic response.

jambo1707 Thu 09-Jun-05 21:20:52

Yes

we tried and got refused

Ironic really we had a loan with our bank until 1 year ago when we paid it of early

Never missed a payment yet they are refusing now

SaintGeorge Thu 09-Jun-05 21:25:03

Damn, sorry.
I suggested it because when I worked in the lending department of Natwest I found it amazing how many 'No' decisions were overturned in face-to-face interviews and the loans given.

jambo1707 Thu 09-Jun-05 21:35:43

Thanx anyway st george

wish you were at my bank helping me out of this big black hole

my own fault for getting in this mess in the 1st place but i am just trying to pay all my debts and make life easier

nutcracker Thu 09-Jun-05 21:37:31

Oh bugger, I was gonna suggest your bank too.

I also have a terrible credit rating but they couldn't give me money quick enough.

Mind you, wish i'd never had it now.

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