My current account currently sits at £3500 overdrawn, I am barely able to make the current interest payments of £58 per month but I have just been told by my bank that as of 30th April my interest charges will almost double, increasing to approximately £115 per month. Is there any way I can ask them to freeze interest and allow me to repay the debt in full on a monthly basis?
You can ask but I would suggest that you speak to a company such as Stepchange or Payplan if you are experiencing financial difficulties.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk