Hi. In 2008 i went to University and i had a student account with NatWest. This account had a £1500 interest free overdraft facility. I finished this course in Summer 2011. I worked for a few months before i was fired. and eventually fell into a deep depression and didn't spend, or even earn anything (or even go outside, but thats a different story)...

In September 2013 i finally managed to gather enough sense and went back to university to study a masters degree. All finances were either spent using the little money i had saved or borrowed from family. Towards the end i opened a HSBC student account. This account also had a £1000 interest free overdraft. After graduating i needed money for travel to interviews etc. So i extended my overdraft facility with NatWest to £2000.

Now this account with NatWest is set to convert to a Select account (i think its called). I am working nowadays, but the money i do earn takes my NatWest account to just about above £0. But by the end of the month i will always end up in an overdraft of more than -£1000 at least.

My NatWest account is set to switch very soon. I thought i could save a lot the last two months and perhaps find another source of income, but alas i will still be in a big overdraft - with interest fees of 20% a month i think on the NatWest one.

Does anyone have any advice please? This is very depressing and stressful for me. I have tried applying for a Zopa loan, but unfortunately i was rejected. I am also in the process of arranging a debt management service, but this may impact my credit score later.

I have a few questions also: Is interest only charged on the account balance at the end of the month? Since i am paid my salary near the end of the month, my account will never be in overdraft at the end of the month. But it will be for a lot of the month in between. Same question for overdraft fees.

Anybody know of any sources for loans (at flexible rates) i can take to help me with these payments. And then i pay the loan off later when my finances are settled?
user
Interest free overdraft is about to start being paid. I
assistant
Hi. In 2008 i went to University and i had a student account with NatWest. This account had a £1500 interest free overdraft facility. I finished this course in Summer 2011. I worked for a few months before i was fired. and eventually fell into a deep depression and didn't spend, or even earn anything (or even go outside, but thats a different story)...

In September 2013 i finally managed to gather enough sense and went back to university to study a masters degree. All finances were either spent using the little money i had saved or borrowed from family. Towards the end i opened a HSBC student account. This account also had a £1000 interest free overdraft. After graduating i needed money for travel to interviews etc. So i extended my overdraft facility with NatWest to £2000.

Now this account with NatWest is set to convert to a Select account (i think its called). I am working nowadays, but the money i do earn takes my NatWest account to just about above £0. But by the end of the month i will always end up in an overdraft of more than -£1000 at least.

My NatWest account is set to switch very soon. I thought i could save a lot the last two months and perhaps find another source of income, but alas i will still be in a big overdraft - with interest fees of 20% a month i think on the NatWest one.

Does anyone have any advice please? This is very depressing and stressful for me. I have tried applying for a Zopa loan, but unfortunately i was rejected. I am also in the process of arranging a debt management service, but this may impact my credit score later.

I have a few questions also: Is interest only charged on the account balance at the end of the month? Since i am paid my salary near the end of the month, my account will never be in overdraft at the end of the month. But it will be for a lot of the month in between. Same question for overdraft fees.

Anybody know of any sources for loans (at flexible rates) i can take to help me with these payments. And then i pay the loan off later when my finances are settled?
user
is interest only charged on the account balance at the
assistant