Current account - interest on overdraft
Posted: Wed Jan 29, 2020 10:25 am
Hi,
My current account currently sits at £3500 overdrawn, I am barely able to make the current interest payments of £58 per month but I have just been told by my bank that as of 30th April my interest charges will almost double, increasing to approximately £115 per month. Is there any way I can ask them to freeze interest and allow me to repay the debt in full on a monthly basis?
My current account currently sits at £3500 overdrawn, I am barely able to make the current interest payments of £58 per month but I have just been told by my bank that as of 30th April my interest charges will almost double, increasing to approximately £115 per month. Is there any way I can ask them to freeze interest and allow me to repay the debt in full on a monthly basis?