Overdrawn with bank help.

[flicky1314]

Hi I am 330 pound overdrawn with the bank , I have received a letter this morning saying they are gonna charge me ten pound a day until it is paid off. Can someone plz help me write a letter so I can negotiate paying the debt off without having 10 pound a day added on as I'll never pay it off at that rate.

[Amethyst]

Re: Overdrawn with bank help.

Which bank are you with and what type of account ? So we can check the charge structure. I know some charge £10 a day but only to a certain maximum.
Presumably the overdraft is an unauthorised overdraft ? How did you get into the overdraft - eg did they let Direct Debits/ Standing orders through ?

[seduraed]

Re: Overdrawn with bank help.

The other thing I would make you do is open a separate account with another provider , such as a building society or a credit union . this means if the bank wont negociate then you a have a bolt hole where wages or benefits can be paid and not swallowed in chARGES. Some of them provide pre paid debit cards for a modest fee and dont make charges.

[flicky1314]

Re: Overdrawn with bank help.

Hi ya thanks for ur replies. It's lloyds bank. It is an unauthorised overdraft it's my own fault I used my card online for things. I knew I had the money in the bank. But normally it comes off ur balance and gives u an available balance. However for some reason it's taken 3 weeks for the money to come out and I've spent what I thought was in the bank. So now I'm 330 overdrawn. I'm willing to pay back just can't do all at once and especially if there gonna put ten pound on a day. ��������

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I have got a separate account with another bank anyway so that's not a problem x

[flicky1314]

Re: Overdrawn with bank help.

Bump for [MENTION=6]Amethyst[/MENTION] xxx

[flicky1314]

Re: Overdrawn with bank help.

Bump x

[flicky1314]

Re: Overdrawn with bank help.

What do u think I should do [MENTION=6]Amethyst[/MENTION] x

[flicky1314]

Re: Overdrawn with bank help.

Can anyone help me with this plz x

[flicky1314]

Re: Overdrawn with bank help.

Can anyone help me with this plz ��

[nemesis45]

Re: Overdrawn with bank help.

Can anyone help me with this plz 😔

Hello Flicky,

In my opinion your best option would be to go to the bank branch and get to talk to someone about the problem, letters like this from banks a very impersonal and look very intimidating you may well get a better response from face to face contact rather than a letter.

nem

[flicky1314]

Re: Overdrawn with bank help.

Ok Hun thank you. I'll try. Was just hoping I could write to them first. Burying head and all that

[nemesis45]

Re: Overdrawn with bank help.

Ok Hun thank you. I'll try. Was just hoping I could write to them first. Burying head and all that

The personal approach is often the best way forward in situations like this rather than a letter that gets into the hands of an unknown individual who just sees you owe some money and just responds with a company script used to answer such letters.

nem

[flicky1314]

Re: Overdrawn with bank help.

Ok thank u Hun for ur help again

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Ok Hun thanks for ur help again xxx:hug:

[leclerc]

Re: Overdrawn with bank help.

The personal approach is often the best way forward in situations like this rather than a letter that gets into the hands of an unknown individual who just sees you owe some money and just responds with a company script used to answer such letters.

nem

just wanted to reiterate what Nemesis45 has said and that is that the personal approach can work. However, if they are being awkward and are being a pain in the bum then that is where perhaps a letter might be required depending on your circumstances to help them properly assess your situation.
[MENTION=6]Amethyst[/MENTION], any other ideas?

[flicky1314]

Re: Overdrawn with bank help.

[MENTION=8640]leclerc[/MENTION]. Thank u but I don't do confrontation very well and I know I will just end up a blubbering wreck and agree to whatever they say .