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What's so good about overdrafts? Why do most of the banks offering student bank accounts advertise interest-free overdrafts? I thought it was a bad thing to get an overdraft, and that it's spending the bank's money, not yours, which you then have to ...
Started by Salmaa! on
, 20 posts
by 18 people.
Answer Snippets (Read the full thread at thestudentroom):
Plus if you go over your overdraft limit (which as a skint?
No students don't have to use them, an overdraft is there in case your student finance money isn't enough to be careful not to go crazy....
Loans don't always cover everything.
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If you asked to extend or open an overdraft, would this add a credit check to your file? Similar to when you apply for a credit card?
Thanks
Started by trikidy on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at moneysavingexpert):
So even if I have an overdraft with Lloyds, and I apply should be able to tell you under their....
For an overdraft it will do a soft search on your credit file to see wether or not you can afford it like to much debt is the obvious negative.
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1) loads of people
2) no, its in the terms and conditions that overdrafts can be cancelled at anytime without notice
3) no
4) no
5) not them
Overdrafts are there for short term borrowing, not longterm. Banks are cutting down on these to get rid of "bad...
Started by anybloodybody on
, 17 posts
by 7 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Days’ notice of our intention to change your Arranged Overdraft limit or repay the
whole or any your Arranged Overdraft limit or repay the
whole or any part of any overdraft, however we may
do eitherLegally Santander....
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Hello, wondering if anyone can shed some light on my idea.
I'm at University and have a student account with Lloyds, the overdraft is in the region of £1,000. It is no fee and no interest, so I only pay back what I use. This is for the next year, upon...
Started by trikidy on
, 18 posts
by 10 people.
Answer Snippets (Read the full thread at moneysavingexpert):
What helps boost....
I did get them) that were many times that of my overdraft
Does it matter if they care? Your internal scoring would you're on about.
That there was a maxed out overdraft even though the overdraft was interest free.
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This is for my NATIONWIDE FlexAccount btw. Around 3 years ago I left University at the end of the second year. I have been in but mainly out of work ever since, and have been un-able to clear this overdrafft debt which was almost completely depleted due...
Started by Samuel_ on
, 18 posts
by 10 people.
Answer Snippets (Read the full thread at moneysavingexpert):
The overdraft at it's agreed limit (£2000), and if I didn't ring them the new overdraft terms would arrangement as they can't mainatain the overdraft at it's agreed limit (£2000), and if I didn't access to these, even....
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Hi - thought I'd start a thread as these are my second most painful creditor after MBNA . I thought I'd diary these last awkward creditors as much to share victories as to pick your brains as I've had quite a few complaints and things upheld so far.
Background...
Started by debtdiary on
, 5 posts
by 2 people.
Answer Snippets (Read the full thread at consumeractiongroup):
Meanwhile from reading other threads looks like claiming overdraft fees back is quite tough compared.
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Hi, My wife opened up a Nationwide Flex account around a month ago and was offered a Visa Debit card and cheque book. She was not offered any overdraft facility.
She has checked on onlne banking and shows she is not entitled to an overdraft or a reserve...
Started by starM on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at moneysavingexpert):
After how long Nationwide are unable to....
After how long and shows she is not entitled to an overdraft or a reserve limit at the moment.
Banking and shows she is not entitled to an overdraft or a reserve limit at the moment.
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Hi
I have an arranged overdraft of £1000 and also have a credit card and loan.
Can I use my overdraft to pay off my credit card to try and reduce the interest? Does being in your arranged overdraft go against you in your credit report or anything?
Darren...
Started by darren_5 on
, 6 posts
by 6 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Can't see why you think you....
Plus you'll.
That WILL affect your credit score.
Suggest you don't go too close to your overdraft limit either, you don't want the interest added exceed your overdraft limit if you do go into it.
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What is an overdraft? In banking
Started by Hafza on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at yahoo):
Some banks may charge you for going into your overdraft....
It means once you have no money in your account, you can use another £1000 (or whatever the overdraft limit).
A bank may give you an overdraft limit of say £1000.
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What is an overdraft? In banking
Started by Hafza on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at yahoo):
Some banks may charge you for going into your overdraft....
It means once you have no money in your account, you can use another £1000 (or whatever the overdraft limit).
A bank may give you an overdraft limit of say £1000.
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