All I wanted was an overdraft...

Have a large bill to pay towards the end of this month (new car) and not quite enough liquid funds to cover it. Depending on exactly when I have to pay it and when my monthly income arrives.

So to avoid any possible problems, thought I'd increase my (never used) overdraft limit online.

My banking home page online says I can have far more than the amount I need as an overdraft, so decide to apply for it. But I have two current accounts, - my main one, and a very small one used for a club of which I'm treasurer. And the only one I was offered that overdraft on was the club one. The drop down choice for accounts when applying only showed it - not my main one. So it's not just TSB who can't write software.

Reply to
Dave Plowman (News)
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Well they probably think you have enough credit and enough funds on the other one anyhow. Many years ago I took out a bridging loan from GE Finance, very easy to do and paid it back without an early termination fee. Does this sort of thing not exist any more? Its been my experience that high street banks are the last place to look except for payday loan sharks of course. Brian

Reply to
Brian Gaff

So it wasn't you that won the £121 Euro Millions then?

The chances of it being anyone I know, even vaguely online, are shrinking b y the hour.

Owain

Reply to
spuorgelgoog

These amounts are, quite frankly obscene to most people. Either create many winners of a million or do something good with anything over 10 million. Brian

Reply to
Brian Gaff

It might be that. At one time when working I had a pretty large (for me) overdraft limit on the same account. Having been retired for some time now and never having needed to go overdrawn, it's been reduced to a few hundred. Not quite enough for safety in this instance.

A straight overdraft would have been ideal in my case as it might well not be needed - or paid off very quickly.

Reply to
Dave Plowman (News)

Definitely not me. Reason I can afford a 'new' car is by not wasting money on gambling. ;-)

My mother oddly was pretty lucky with such things. Even to the point of drawing her own ticket once at a raffle. Sadly, I didn't inherit that sort of luck.

Reply to
Dave Plowman (News)

Although I understand the payday loan sharks are used by the canny poor because they know that if they get to the end of the month and incur penalty charges on phone, loan, cards etc they will be fleeced. Better to pay the outrageous fees to a payday loan shark than to let the high street banks get at you.

It's a sobering thought but wonga exists because the likes of Barclays and Lloyds are even worse.

TW

Reply to
TimW

Don;t think its me, but I did 'win' £5.20 two weeks ago.

I don't consider it gambling if I can afford to lose. But if you did know the person that won £121 Euro Millions would you c all them an idiot for gambling ? While waiting for glue to dry I was watching roulette on TV last night, jus t as black 28 came up twice in a row.

luck is an odd concept.

Oi, you, get-out-ta my pub. the EE version.

Reply to
whisky-dave

Hope that made your day. How much did that 5.20 cost you to win?

Is that some form of denial? ;-) Most gamble because they hope to win.

No - just all the others who paid for him.

You watch gambling on TV? Each to their own. ;-)

Reply to
Dave Plowman (News)

I've never heard of high street banks charging anything like the crazy prices of wonga et al. They just refuse to loan. As bad as payday lenders are, they're still an improvement on illegal loan sharks, which is why they're permitted.

NT

Reply to
tabbypurr

They exist because the likes of Barclays and Lloyds won't lend people money that they can't afford to pay back Lenders like wonga will lend money to almost anyone and send the heavy mob around if they don't pay. They are not in the same leagues.

Reply to
dennis

How do you know what they need? How do you know what they are doing with it?

Reply to
dennis

Interest-free credit card(s) and pay off the balance in full before the due date ?.

People were buying houses at auction like this back in the mid noughties.

Reply to
Andrew

If you do that the number of people 'playing' will crash, so it's self defeating. Think of all the lolly that the lottery commission hand out, to pay for things that don't have to be funded out of general taxation. Also taxes the black economy nicely too.

Reply to
Andrew

A good ol' fashioned overdraft is what I wanted. That is designed for my purpose. A short term variable amount loan.

I've absolutely no idea how you set about transferring cash from a credit card to a current account. The other way, yes. ;-)

Reply to
Dave Plowman (News)

the jury is out on how having harder to win larger amounts affects the number of tickets bought

The initial results from when Camelot increased the number of balls and then had multiple roll overs before it was won showed a decline in participation

That they haven't (I believe) reversed that move suggest that that are taking a longer view

tim

Reply to
tim...

I can afford a new car because I haven't spent 40 years of adulthood buying new cars

tim

Reply to
tim...

Didnlt know until last night I won on the 18th April. Not sure I should spend it all at ounce though.

Not sure, I do it on-line and added £55 to my lottery account then ab out 2 tickets twice a week, so will last about 2 months. This replaces what I used to spend on drink each weekend. I'd have 3-4 pints on friday & saturday in the pub and at £3-£5 a pint... Now I rarely have more than 2 and have only been to the pub once this month , and at the weekends tend to visit friends, where I drink 1-2 bottles of a le at £1.29 each, so I have more disposable income and use part of tha t for lottery money, I also donated £20 to someone doing a swimathon f or cancer UK, not sure I'll make any money out of that either. So I don't know how much it costs me to win £5.20 I wonder how much it cost the person to win £121 million.

I hope to win like I hope not to be struck by lightning or not be run over or not get cancer. For me ~£4 to £10 a week is not a significant amount. What sort of car can you buy instead of spending £4-£10 a week, w hat can you get for £200-£500 a year ? I've heard you can hire a BMW5 for £49 a day.

As I said I used to spend 4x that on beer in a day and it's probbaly better for my health too. Sometimes I'll even do an on-line scratch card if I'm in the mood.

He too was once one of the others, he probbaly paid for my £5.20 too what a mug. But I'd rather take a chance and spend £2.50 on a raffle ticket than £4.50 for the 3rd or 4th pint.

It was after whatever I was watching and I had my hand help against the tem perature sensor from my old HDD sticking it to my new SSD to put in my mac mini, a fiddly job those little connectors. At least I was absorbing fake news. It's quite funny listening to what some of the compares come out with. I;d rather watch roulette than 2 and half men or sex in the city as it;s mo re educational as it;s all about odds and probability, and it was interesti ng how the block explined that 28 can come up twice as the number 28 is as likley to come up as anyother number becasue of the FIXED odds in roulette, which isn't true or horse racign or many gambling games.

Reading the T&Cs is also informative and gets you used to T&Cs and how to i nterpret them. I do wonder why the games aren't avaible in northern island.

Reply to
whisky-dave

Can't you take the csh out at an ATM then put it back in again into a diffe rnt account. ?

I was behind a chinese girl who has £3,000 in cash and was putting it into an ATM apparently you can only put £50 in at a time, unless ther ewas another reason she was counting it out in 50s.

I would too if I was making enough profit from it.

Reply to
whisky-dave

Rather the same here. Never have bought a new car and doubt I ever will.

Reply to
Dave Plowman (News)

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