Overdrafts

[roosi]

Asking for a friend - if somone has a bank overdraft that's always in the red although your plans are to pay it back once some free'd up cash becomes available, are the bank quite within their rights to reposess, and send bailiffs out for this amount?

It is sitting at around 2500 on 2 accounts and is always absorbed into wages each month, therefore they can't afford to pay it back in a lump sum although as I said, they want to pay it back eventually, just cannot afford to just now. Tey have no other outstanding debts apart from this.

Sensible answers only please. And no scare mongering, as my friend is extremely nervous and quite depressed about this.

Thanks
R
x

[Im a BusyBee]

what she also needs to be thinking about is how she will stop herself getting in this position again as you say shes got out of it before. People seem to have to have everything now a days and spend money without any thought. Then when they get in a muddle financially wonder why - well it aint rocket science. I always say there some people you could give a million pounds too and they would still be hard up after a short while.