Hi guys,

I'm new here so don't know whether this is in the right section or whether this has been covered before...but I have a question.

To get to the point, I have recently finished university and have an overdraft of around £3000. I am around £2500 into it due to numerous issues surrounding university, job hours and even gambling issues (which I am rectifying). I now have a job which will give me around £500 spare each month (after rent etc), but the problem is, the bank are going to 'review' this overdraft in February or March of next year. By then I should hopefully be in the black, but should I get to January and find myself still in debt to them, what choices do I have?

A few people have told me that If I spoke to them and explained the situation, they'd be understanding and let me pay it back in instalments. IS this the case? I'm just worried that I'm going to get to Jan owing £700 or something, and them saying 'well we want that money now and we're going to close your account down etc'. If that's dramatic, I apologise as I don't really know how these things work.

Your advice would be greatly appreciated!

JJ.