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 have a few questions. What are my options?
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 end of the month? Is this covered by the terms of the loan? What options do i have for income
assistant