Im 18 and want an overdraft?
iv just turned 18, i am with lloyds tsb on an underneath 19's account, theres not alot of info on their website about applying for an overdraft, wen can i apply for an overdraft? it say i can apply for a loan so i must be able to apply for an overdraft but how?
Answers: Only your bank can furnish you one, so you need to apply / ask / speak to your bank.
However, I identify you say "I WANT" not "I NEED" - which suggests you have a impractical understanding of personal finance (didn't most of us at your age!) You should ask yourself why you want one - is it for a specific purchase, or is it because you don't own money left at the end of the week/month.
If the former, after a bank loan will be cheaper than an overdraft - unless you only use the overdraft the once, discharge it of completely, and never use it again.
If it's the latter - then perhaps you inevitability some budgeting advice! (Try CAB, Payplan, National Debt Line etc)
Or, if applicable, why not ask family for an interest free loan and some warning with budgeting.
Best wishes
Peter
im on the same justification thing as you, just be in motion into your bank and ask to be cahnged to a normal article, and as long as you have not been overdrawn on you beneath 19's account you should be able to take an overdraft there and then, also you own to have regular money going into your bank for three months!
suitable luck hope u get it =]
Well you've not got much of a credit history so your edge will give you an overdraft if you ask but it will only be a small one. If you are within a full time job that will help because the guard will see that you are earning cash. If you earn over lb1000 a month dance into any bank and ask for a current account and you will automatically get hold of an overdraft, Hope this helps! Most banks will confer you overdraft protection. You have to be 18 or older to legitimately apply for any type of credit. If they give it to you keep it at a small amount approaching 200. It's easy to wind up beside something like 1000$ in overdraft protection and weave up in a hole you can't get out of.
Get yor credit rating up and preserve borrowning money while stashing it then when you get influence 50Gs or more worth in debt leave the contry and dont come rear for 7 years keep the cash surrounded by a back in your country of choice later come back and build it up again and do the same its the best means of access to save money for your old age.
Ask yourself could you let go 50GS in 7 years and tell me if its worth it ? DONT DO IT! The merely place you get an overdraft at 18 without a credit history will rip you sour!! I have done exactly the same and resulted within lots of debt!! My money goes straight into my bank and they nick it straight of me for charges.. I started with a lb50 overdraft and everytime i went into the dune they urged me to put it up if i was all geared up upto my limit.. If you do go for it be etremely guarded!!
if it is for a particular purchase, get a small loan from them and get sure you pay it on time. this should modernize your credit score for later Just walk into your branch and ask them.
Ask your bank for details at 18 you want to be in debt ?
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Answers: Only your bank can furnish you one, so you need to apply / ask / speak to your bank.
However, I identify you say "I WANT" not "I NEED" - which suggests you have a impractical understanding of personal finance (didn't most of us at your age!) You should ask yourself why you want one - is it for a specific purchase, or is it because you don't own money left at the end of the week/month.
If the former, after a bank loan will be cheaper than an overdraft - unless you only use the overdraft the once, discharge it of completely, and never use it again.
If it's the latter - then perhaps you inevitability some budgeting advice! (Try CAB, Payplan, National Debt Line etc)
Or, if applicable, why not ask family for an interest free loan and some warning with budgeting.
Best wishes
Peter
im on the same justification thing as you, just be in motion into your bank and ask to be cahnged to a normal article, and as long as you have not been overdrawn on you beneath 19's account you should be able to take an overdraft there and then, also you own to have regular money going into your bank for three months!
suitable luck hope u get it =]
Well you've not got much of a credit history so your edge will give you an overdraft if you ask but it will only be a small one. If you are within a full time job that will help because the guard will see that you are earning cash. If you earn over lb1000 a month dance into any bank and ask for a current account and you will automatically get hold of an overdraft, Hope this helps! Most banks will confer you overdraft protection. You have to be 18 or older to legitimately apply for any type of credit. If they give it to you keep it at a small amount approaching 200. It's easy to wind up beside something like 1000$ in overdraft protection and weave up in a hole you can't get out of.
Get yor credit rating up and preserve borrowning money while stashing it then when you get influence 50Gs or more worth in debt leave the contry and dont come rear for 7 years keep the cash surrounded by a back in your country of choice later come back and build it up again and do the same its the best means of access to save money for your old age.
Ask yourself could you let go 50GS in 7 years and tell me if its worth it ? DONT DO IT! The merely place you get an overdraft at 18 without a credit history will rip you sour!! I have done exactly the same and resulted within lots of debt!! My money goes straight into my bank and they nick it straight of me for charges.. I started with a lb50 overdraft and everytime i went into the dune they urged me to put it up if i was all geared up upto my limit.. If you do go for it be etremely guarded!!
if it is for a particular purchase, get a small loan from them and get sure you pay it on time. this should modernize your credit score for later Just walk into your branch and ask them.
Ask your bank for details at 18 you want to be in debt ?