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Extending Natwest Student Overdraft Beyond Limit

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    Hey,
    I've just finished my second year at uni, and I've got the 1250 overdraft set up, but my car insurance has just charged me and I need to pay my rent but don't have the money now, and I won't get paid for ages as I work on commission and don't have any jobs until June. I was wondering if anyone has managed to increase their overdraft to the 1500 limit before your third year of uni starts? Stressing out a bit and can't call Natwest until tomorrow, any advice would be much appreciated! Can't borrow from family/friends, the overdraft is the only way I'd be able to do it. If anyone has any experience or help please let me know, I'm so stressed!
    Thanks
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    I managed to do it part way through my second year. So long as you generally have a good credit limit and not usually in your overdraft I should imagine it would be okay. Just go down to your bank and ask them when you can.

    If they refuse open up another bank account with another bank and just use a standard overdraft.
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    (Original post by snufkin_)
    I managed to do it part way through my second year. So long as you generally have a good credit limit and not usually in your overdraft I should imagine it would be okay. Just go down to your bank and ask them when you can.

    If they refuse open up another bank account with another bank and just use a standard overdraft.
    Thank-you, can I ask who you banked with?
    I've had my overdraft at that limit since last May, I've never exceeded the limit or anything but I've not paid it off, my student loan pays it off when it comes in but obviously it goes down again as soon as my rent comes out. Do you think this would be an issue, as it's pretty much always in use? My halls were extortionate last year and SF didn't cover it at all, so my overdraft was the only way I could cover it as my job isn't steady.
    Thanks for answering.
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    (Original post by LadyGaGa)
    Thank-you, can I ask who you banked with?
    I've had my overdraft at that limit since last May, I've never exceeded the limit or anything but I've not paid it off, my student loan pays it off when it comes in but obviously it goes down again as soon as my rent comes out. Do you think this would be an issue, as it's pretty much always in use? My halls were extortionate last year and SF didn't cover it at all, so my overdraft was the only way I could cover it as my job isn't steady.
    Thanks for answering.
    I banked with Natwest.

    Aparently you can exceed it after every year so you should be okay.

    I have no idea if it would be an issue, I would imagine it could be, but it completely depends on how that affected your credit rating/if you have any unpaid bills etc. So if you always pay your phone bill/credit cards on time you should be fine but obviously each persons credit rating is different so it would be hard to tell.

    The only thing I could advise is that you remain calm, don't panic, go into a natwest tomorrow to try and exceed your overdraft. If this fails then think of a plan b then.
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    Hi, I need to do this. But I'm going into my 2nd year and need to extend it to £1500 to my rent as my student finance may come in late. I was wondering if you managed to extend yours to over the limit or not? I'm think of going into the branch on monday and explaining my situation and showing them evidence etc. but i'm really worrying now.

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Updated: September 2, 2012
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