Re my overdraft and mortgage repayments during CV?

[Aryaneedle]

My overdraft is bad, I'm about 1200 overdrawn at the moment, limit is 1600. My wage clears this every month but I always go back into it.

I got divorced and bought a house so my finances took a major hit (physically, sexually and financially abusive exH, I got 30 per cent, he got 70 and kept family home, I was so traumatised and broken that I just wanted to not be married to him anymore) could kick myself as I'm skint. Work FT, 3 DC, lone parent, no maintenance from ex, I bring in £1800 per month and pay about £120 for 3 student loans (Degree, PG Dip and MSc).

Should I take the mortgage holiday option to get my overdraft down? Bank have emailed me today saying I've paid £279 in charges/intetest in the last 6 months and they'd 'like to help me with budgeting to get my OD down'. I am feeling pressure from them. I have written out my finances over and over again and the only place I could save money is food bill which comes to about £270 a month but I cant really see how?

I'm a social worker so my job is quite protected and secure, as much as possible. But I feel a bit guilty that I'm taking advantage of the pandemic to get my finances under control? AIBU? I'm in a perpetual state of worry about my overdraft so I'd like to get rid of it.

Why don't you first talk to them about what help can they provide?

With the budgeting I mean. I would personally wait with the mortgage holidays because it can well happen you now take 3 months and in 2 months 3 weeks you actually get ill.
This situation is not going to be here for couple of weeks

If you have your wage coming in as normal I would continue to pay as normal.

With the 39-49% apr interest rates for overdrafts coming in I think you should do everything in your power to get rid of your overdraft other wise your debt will just spiral. Use an mortgage holiday if they will give you one even if it extends your mortgage by six months at the other end that is less than the overdraft interest could be.
Take a long hard look at food costs can you get them down if possible.

Can you negotiate? with the student loan company

I could try negotiate with students loans actually couldn't I? Haven't thought of that. Thanks.