is it a lot?
2006-12-19 23:35:26 · 21 answers · asked by Pebbles 2 in Business & Finance ➔ Credit
well how about this, i am 21 years old, i am £14k in debt, 4 catologues, 8 credit cards, 2 overdrafts one being £1800 and 2 loans, and now i aint working
2006-12-19 23:43:55 · answer #1 · answered by linzi_parkes 1 · 3⤊ 0⤋
When I was 16 my bank let me have an overdraft of 50 pound. A week later they let me have another 50 pound. Before I knew it I had an overdraft of 450 pound - then I lost my job. After numerous letters, which aparrently cost 25 quid each to write, I got in major debt. I now owe them over a grand with no way af paying them back. This is a warning to everyone don't let the banks stiff you!
2006-12-19 23:49:09 · answer #2 · answered by Dragon 6 · 1⤊ 0⤋
Yes, I have several. Overdrafts are really easy to get credit lines. You can get them from local, national and credit unions. Usually in $500.00 increments. Be careful because this is credit and you want to see what the terms are.
2006-12-20 02:13:26 · answer #3 · answered by teenriodoll 3 · 1⤊ 0⤋
I have a £200 overdraft. I refuse to take out a bigger one.
2006-12-19 23:37:15 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Only a small emergency one - don't think I have ever used it.
If you can,t pay for it up front - you can't afford it.
Only people that win with an OD or credit cards are the Banks - just look at the profits they make.
2006-12-20 00:00:03 · answer #5 · answered by matt b 1 · 0⤊ 0⤋
I thought everyone did?? Mine used to be £1600 whilst at uni, but I've reduced it to £600 since leaving. Still regularly in it though!!
2006-12-19 23:38:04 · answer #6 · answered by Wafflebox 5 · 1⤊ 0⤋
Recently paid off. Marvelous!
2006-12-19 23:49:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋
DAMN RIGHT I HAVE! £1550, never out of it, 2 credit cards and a cheque book! girlfriend thinks that if we have cheques left, we have money in the account........
2006-12-19 23:49:34 · answer #8 · answered by dine2468 1 · 1⤊ 0⤋
i dont have one, and i have a credit card that i have to put the money on myself (bit like a phone top-up), i have enough debt already i dont need the banks getting any more money off me
2006-12-19 23:48:57 · answer #9 · answered by button moon 5 · 1⤊ 0⤋
Yes...I am a student...I wont be saying how much exactly it depends on what you would call alot but its a student account anyway.
2006-12-19 23:38:44 · answer #10 · answered by Anonymous · 1⤊ 0⤋