Davetrials Posted March 21, 2006 Report Share Posted March 21, 2006 Just wandering how many of u use or have used your over draft ?what did u use it on, how much did u use? Quote Link to comment Share on other sites More sharing options...
tomturd Posted March 21, 2006 Report Share Posted March 21, 2006 I used my £1300 overdraft by the end of the first term of the first year, and it stayed there (apart from the once per term £1000 loans which brought me up to -£300).Did a year out in my third year, had to pay off the £1300 and it took waaaaaaaaaaaaaay longer than I expected. Not easy at all to pay off, so make sure you spend them wisely.. (I spent mine on general living.. nothing inparticular) Quote Link to comment Share on other sites More sharing options...
manuel Posted March 21, 2006 Report Share Posted March 21, 2006 Get on a four year uni course (overdraft £2000) open at least two student acounts with different banks and rinse the lot into an ISA - make some money on it.That would be ideal... butyeah i used mine - not much in the first three years ... but in my final year I decided not to work and concentrate on my errr studies . . .So I used it manly on dossing around in bristol for a year (v expensive) Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted March 21, 2006 Report Share Posted March 21, 2006 Almost all gone, all 1500 squid of it Ah well will just pay it off over the summer as usual. After i've graduated Quote Link to comment Share on other sites More sharing options...
trials_pimp Posted March 21, 2006 Report Share Posted March 21, 2006 so most of you just use them as a quick loan.I have a £200 overdraught, that is payed off every month.And is used when I run out of monney.So basicly I have a £200 cousion every month to keep me going. Quote Link to comment Share on other sites More sharing options...
plainlazy84 Posted March 21, 2006 Report Share Posted March 21, 2006 the same as most people above. Its kind of different being a uni boy though as its just the done thing, and as soon as your next loan installment comes through it usually pays it off and gets you back to zero (except at the end obviously) We are in so much debt that it doesnt really make that much difference to be honest! If you are working though and have proper rent/ bills/ food money to pay for then its not something to take lightly. You just have to know what you can afford and remember its not your money. Quote Link to comment Share on other sites More sharing options...
Danny Posted March 21, 2006 Report Share Posted March 21, 2006 Ive got £1500 and im off to the bank tomorrow to try and get a bit more Quote Link to comment Share on other sites More sharing options...
Davetrials Posted March 22, 2006 Author Report Share Posted March 22, 2006 do none of u get f**ked by interest? Quote Link to comment Share on other sites More sharing options...
Joe Papasnap Maher Posted March 22, 2006 Report Share Posted March 22, 2006 Opened a new account with nationwide, lol and got a £290 overdraft instantly.Next day i order my ashton lol.Payed it off now those already Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted March 22, 2006 Report Share Posted March 22, 2006 do none of u get f**ked by interest?Interest free for students Though that quickly changes once you graduate Quote Link to comment Share on other sites More sharing options...
trials_pimp Posted March 22, 2006 Report Share Posted March 22, 2006 Most overdraughts a free interest, but once you go over your limit, be prepared to hand over your arse...... Quote Link to comment Share on other sites More sharing options...
Lukeee Posted March 22, 2006 Report Share Posted March 22, 2006 Never used one , never intend to...Live to your means. Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted March 22, 2006 Report Share Posted March 22, 2006 Most overdraughts a free interest, but once you go over your limit, be prepared to hand over your arse......Yeah it becomes a vicious circle after that, You will get fined for being over your limit, fined if a direct debit bounces (by the direct debit people) and then have to pay the original direct debit Very very hard to get back on top of things. Glad iv'e never been over mine. Quote Link to comment Share on other sites More sharing options...
Will Arnold Posted March 22, 2006 Report Share Posted March 22, 2006 Yeah it becomes a vicious circle after that, You will get fined for being over your limit, fined if a direct debit bounces (by the direct debit people) and then have to pay the original direct debit Very very hard to get back on top of things. Glad iv'e never been over mine.you soon will be if i chant Ashton enough Ashton AshtonAshton Quote Link to comment Share on other sites More sharing options...
Michael Hardman Posted March 22, 2006 Report Share Posted March 22, 2006 I was a good boy and had a job throughout uni so that paid for most things.Having a disabilty is great you get free stuff, cheap everything else.I camw out of uni with £15k becasue I had a plan, it gets me a deposit on a house with another 5010k which should be easily achievable when I qualify as a teacher.I have an overdraft on my ddebit card of £200 for emergencies but with internet banking I always end up using it as I can transfer money money form my savings onto the card instantly so never get charged.Go for it but dont over do it, I have friends that are 10k plus in debt to overdrafts, one of them managed that in a year its damm crazy. The other did stupid things for money, eat paper, let use randomly cut his hair and generally abuse him. Quote Link to comment Share on other sites More sharing options...
ScotchDave Posted March 22, 2006 Report Share Posted March 22, 2006 Would you mind sharing this wonder plan Michael? Quote Link to comment Share on other sites More sharing options...
tank_rider Posted March 22, 2006 Report Share Posted March 22, 2006 I'm currently nibbling my £1800 limit Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted March 22, 2006 Report Share Posted March 22, 2006 I'm currently nibbling my £1800 limit It's a great feeling isn't it Quote Link to comment Share on other sites More sharing options...
Danny Posted March 22, 2006 Report Share Posted March 22, 2006 Hopefully when i finish uni im going to drop mine to about £500 max rather than £1500. But we shall see how things happen. Quote Link to comment Share on other sites More sharing options...
Dr. Nick Riviera Posted March 22, 2006 Report Share Posted March 22, 2006 any tips for potential students who dont want to hand their testicles to the bank with a note that says "grab me"? Quote Link to comment Share on other sites More sharing options...
Ben Cox Posted March 23, 2006 Report Share Posted March 23, 2006 I was a good boy and had a job throughout uni so that paid for most things.Having a disabilty is great you get free stuff, cheap everything else.I camw out of uni with £15k becasue I had a plan, it gets me a deposit on a house with another 5010k which should be easily achievable when I qualify as a teacher.I have an overdraft on my ddebit card of £200 for emergencies but with internet banking I always end up using it as I can transfer money money form my savings onto the card instantly so never get charged.Go for it but dont over do it, I have friends that are 10k plus in debt to overdrafts, one of them managed that in a year its damm crazy. The other did stupid things for money, eat paper, let use randomly cut his hair and generally abuse him.you got a massive inheritance didnt you? which you spunked on a top of the range trials bike that you rode twice Ben Quote Link to comment Share on other sites More sharing options...
tank_rider Posted March 23, 2006 Report Share Posted March 23, 2006 any tips for potential students who dont want to hand their testicles to the bank with a note that says "grab me"?Depending on what course you do, get a job. Wait until you go and find out what your timetable etc is like, then get a job, even if its only a couple of evenings a week, a small but reliable income always helps stave off the overdraft gremline. Quote Link to comment Share on other sites More sharing options...
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