harry
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stop buying other stuff and pay it of , tell them you do not want it any more , cut up all your credit cards , tear up you cheque book , only use cash , i have done this for the past 20 years and have been debt free for 15 years |
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firebobby
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Live the life of a hermit for a while. Frugal meals, stay in,no spending , other than the bare essentials and dependant on the amount, within a couple of months you should be overdraft free.
Good luck |
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Andrew L
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I've experienced debt before. Set yourself a budget & don't exceed it. Go without luxury items until you've cleared your debt.
It's actually possible to save quite a lot of money in a short time if you're prepared to live frugally for a while. |
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jduck1979
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Start sticking extra money in the account like you normally pay money into it so the balance goes from a - balance (e.g. -£400 like mine is at the moment) until it goes to a + Balance (e.g. £1, £5, £10.25 etc).
Cut back on your spending & find a way to rake in extra money if you have to (e.g. 2nd job, sell unwanted belongings on EBAY, etc) if the overdraft is due to regularly spending more than you earn. |
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otleygas
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set yourself a budget and stick to it.
Pay off debts with the highest interest rates first.
save up for something before you buy it |
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Helpfull?
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make a deposit at least the amount of the overdraft (amount of $ you did not have) plus the overdraft fee (charged by bank), plus any debts still owed that will be comming out of the same account.
over draft: -8.76-(negative)
OD fee -30.00 (negative)
DEPOSIT: 40.00
balance of: +1.24 (positive)
if you have more charges about to come out of the account ,you would need to deposit enough to cover them or you will be overdraft again. |
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Phat Baz
 |
With ummmmm money !!!
BAZ |
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ken p
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BURN YOUR MONTHLY STATEMENTS |
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ROBIN HOOD
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monthly helps |
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reznor5172002
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by depositing money. Any money you put into your account will go towards the over draft fee. They wont send you a bill, if thats what you are wondering. If you dont pay off your OD fee , they can close your account, and you will not be able to write checks with any other bank |
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MAUREEN K
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dont spend the money u earn leave it or ask to reduce month by month of wht u can afford |
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stormydays
 |
In Truth??
Open another bank account up and have your income and direct debits set up to new one.
Write to the bank that has the overdraft and tell them you are struggling Provide them with a income and expenditure sheet showing a surplus weekly/monthly amount and offer to repay the overdraft off in instalments using that surplus |
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6'3 and 135lbs
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at once and stop using it, you just get deeper in debt. cancel it b4 it ruins u |
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AUNTY EM
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You can ask the bank to decrease your overdraft facility slightly in the first couple of months. That means that when your pay goes in, you have less to spend! After you have adjusted your finances, ask them to reduce it again. You go on like that until your wages actually keep in the black for a month! So, if you are overdrawn by say £1000, you ask the bank to make it £900 in the first 3 months say. You live within that and when you are managing, you get them to reduce it again to £700 or something like that. As long as you can manage it and don't suffer to badly! It might take a while. Alternatively, move your money to another bank, and pay the overdraft off at £10 per month or something - depends on how big it is! Ask also for interest free - sometimes the bank will give you that to stop you moving banks. |
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kate
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I don't have any overdrafts ,
I don't want to give the bank all that $$$$$ .
I am toooo cheap for overdrafts , none to pay off .
> |
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shiprepairwoman
 |
As soon as you realize you have an overdraft go immediately in person to pay it off or get on line and transfer money from savings.
You may not realize that a deposit was rejected or something until days later so the fees can add up. Ask the bank to link your checking account to a credit card or HELOC or savings account to avoid the problem in the future. |
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Dimples
|
If you are paid monthly for example try to go through the month and spend maybe £50 less than your wages/overdraft. Each time you managed to do this ask the bank to reduce your overdraft by £50 depending on how much you owe it may take some time but if that extra £50 is not there on your overdraft to spend then you'll make headway. Good luck |
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Ting Tong
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hope your not an accountant! |
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Wiggly_pumpkin
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I would write a list of all your expenses rent car insurances clothing food etc and then try to cut down on the obvious luxery spending and try to pay more money in each month and as it gets lower decrease the overdraft amount ie. if its £500 once it gets to £400 lower the limit and keep doing this until youve paid it off and then dont have one and you wont be tempted it can be done I have done it myself!!!!!!!
Good Luck :
You could also try to earn extra cash from ebay or carboot sales by selling junk and putting the extra cash in to help towards it :) |
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oohbetty
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With your wages or by any other means you can earn money after all it belongs to the bank! |
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bolton510
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Just make a deposit. Then go to the bank and ask them to remove the bank charge, they will usually do so. . . I used to work at a bank, and I would reverse charges for people that made deposits to cover the overdraft. Good Luck! |
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Nobody
|
according to what i have heard about those people, they go to jail. it is like debtors prison long ago but the jails are much nicer now. that is how australia got started for the most part, i have heard it rumored. |
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T
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Go into the bank and request a payoff on the overdraft from one of the tellers. That way you know that it is handled and can get a receipt to that effect. |
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Mackadoo
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Easy! Get a job in a callcentre! |
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Happy Murcia
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Don`t know,,havn`t got one,,,,, |
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Trucky
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With great difficulty ! |
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SCOTT B
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just open another account in a different bank and move address leave the old account well overdrawn, and oh yes get even, the last cheque you write make sure it bounces!! |
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