best way to payoff overdraft of 170 - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

best way to payoff overdraft of 170

logyon Avatar
banned8y, 3m agoPosted 8 years, 3 months ago
i need to clear this over draft and i need to do it soon i have birthday money to put in of 80 and that will take it up a bit then after that will then be trying to close that account

also would that bank take the rest if i put the 80 in as installments

lloyds tsb
logyon Avatar
banned8y, 3m agoPosted 8 years, 3 months ago
Options

All Comments

(13) Jump to unreadPost a comment
Comments/page:
#1
Go get a part time job
banned#2
i have daughter to feed and look after bills to pay and i work 16 hrs a week
#3
Unlikely anyone would try to close the account... they'd rather charge penalty fees & interest until you get your act together.....
#4
sell stuff on here or ebay?
#5
lol i dunno what you are even saying about the installments bit???, put 80 in, the will leave 90, that unless you pay off will get bigger slowly with interest. Not sure what yure getting at tbh
#6
logyon;2767895
i have daughter to feed and look after bills to pay and i work 16 hrs a week


Have you got any of her unused clothes to sell at a car boot or even any of yours ?
#7
Get bank to increase/give you an overdraft to the tune of £180 (or £90 if you're put £80 in) and then pay £25 a month in to pay off £20 (via standing order) and rest for interest (anything under a fiver is a bonus to paying off overdraft).

This is what we did with our Royal Bank of Scotland account. Hopefully if you explain the situation they'll do it or at least come to some other solution.
#8
Stop living beyond your means, pay it off as quickly as possible, it is the Banks money, they will charge you for using it.
banned#9
logyon;2767895
i have daughter to feed and look after bills to pay and i work 16 hrs a week

do some extra hours then...........
#10
don't worry hun it happens to us all at one time or another. you should do what umanga said and get them to give you an authrised overdraft of £100 because then they only charge pennies for being overdrawn.
but let it be a lesson, its easy to spend, but not so easy to pay back. good luck :thumbsup:
#11
re-mortgage the house! Should leave u with a little spending money too - LOL

nah seriously, talk to the bank and ask to inc overdraft and make regular payments to pay it off, go without luxaries for a while (smoking, drinking, internet, home shopping etc)
#12
are you overdrawn with out permission or do you have an arranged overdraft? best thing to do if its overdrawn without permission is go into the bank explain what has has happened etc and see if they sort you a payment plan, if its an authorised overdraft then has it been a long time mounting up for example my £300 overdraft is charged @ 2.5% monthly interest so if i spent the lot i would only pay around £7/£8 a month,maybe visit a C.A.B and see if they can help you @ all, the one problem being is paying the £80 will help a little but not if they charging you say £35 a month for being overdrawn
banned#13
or open an account with SMILE. free overdraft up to £500.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!