hi i've got a natest overdraft limit of £2,100. i have used it in full, then interest pushed it over £2,100 on 14 Sep, since then £6 per day charges have clocked it up even more and still to this day now. i switched my wages from work to another bank 6 months ago, then somehow successfully applied for £2k natwest overdraft in May, all to pay for my old payday loans. i might just pay a few hundred quid to get it to £1900 or something and out of the £6 a day danger zone... but also ideally im thinking off going in the branch ask for my account to be closed and freeze the £6 charges and ideally pay off the debt over a period of time ie payment plan Are they quite reasonable with things like this?

thanks for the help, much appreciated, i have no overdraft facility, i bank with barclays.

my wages go into my savings out, online i would transfer it 12.01 to my current if i was to pay the loan. theres a preiod between 12am and 1am/ 2am ish that allows this, they are ripping me off by £160 but what do i do. dont pay it and the dispute will go on for months and months and the £160 grows to £500... dont think i need the grief to be honest...

Having a look at the pdf copy of the contract (part shown below) . oringal loan £305 took out on 21 march. top up £75 on 27 march. amount due on 21 april £693.54 madness, but my own fault as what the contract says "goes". so you reckon i should pay £693.54 and put it down as lesson learnt? Amount of Credit: £498.95 Duration of Agreement: 24 days Total Amount Payable: £693.54 to be repaid in a single payment on the 20/04/2012 (the "Payment Date") APR: 14914.3% Due Date: 20/04/2012 Percentage: 39% Other Financial Information Total Charge For Credit: £194.59 Interest is charged at the rate of 39%, pre-computed and applied to the balance outstanding on the date of this Agreement.

hi i got a £305 payday loan out with capital finance one. Then I got an email saying i have available credit available to top up the loan. so i took it , £75, this brings loan to £380. their interest rate is 39%. so original loan = £305@ 1.39%= £423.95 due top up loan £75 @ 1.39 = £104.25 however they are saying the amount due iS £693.54 I work out the amount due as £528.2 (£423.95 plus £104.25) do i have a leg to stand on? i stupdily didn't read the top up contract as i was so desperate for the £75, didn't think payday loans can rip you off in this way. can they duplicate interest on the £305 all within the same month? i am going to offer to pay £528.20 only!! their reply is below This is the way a refinance works and we have been transparent and informed you of how much you had to repay. Had you any questions or queries you could have contacted us and we would have assisted you. You also had a period of 14 day to cancel the refinance. Furthermore you agreed to pay back the loan amount when you electronically signed your contract.