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Overdrawn - How can I deal with the bank?
Former Member
Posts: 1,876,323 The Mix Honorary Guru
When I got my contract I used my old, unused bank account (as in I didn't use it for direct debits and my wages were getting paid into another account) to sign up for direct debit.
I forgot all about it until I got a letter from Lloyds TSB saying I was £4 overdrawn and would get charged £30 for it. I tried to phone them up and explain but I could never get through to someone.
Then the other day I got another letter saying I was overdrawn by £29 (my contract insurance) I totally forgot about that one. So now I owe the bank £30 for my direct debits and about £60 in charges. I really can't afford this, I don't get paid for 3 weeks and I have no other money, I already owe my mum a small fortune.
Help, please :banghead:
I forgot all about it until I got a letter from Lloyds TSB saying I was £4 overdrawn and would get charged £30 for it. I tried to phone them up and explain but I could never get through to someone.
Then the other day I got another letter saying I was overdrawn by £29 (my contract insurance) I totally forgot about that one. So now I owe the bank £30 for my direct debits and about £60 in charges. I really can't afford this, I don't get paid for 3 weeks and I have no other money, I already owe my mum a small fortune.
Help, please :banghead:
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Comments
I've been pushing up my overdraft limit for the past few months after I ran into financial trouble and my bank has been pretty gung ho about it (after all.. they get more interest so it's in their interest if I'm in debt ). As long as you know it'd only be a temporary thing you could give it a try. Just so you'll be able to survive for the next three weeks.
Also, if you owe your mum as well and are already penniless after the first week of the month maybe you should take a good look at your spending and see if there's something you could be handling better. It's very easy to get into a vicious cycle of going overdrawn/using the credit card to survive for the rest of the month and never having any free money. I'm just now getting out of that one after a rough spring.