Unsecured Overdraft

[pache]

Hi folks,
just want to hear from anyone about an overdraught i cant make inroads into at the moment.Its unsecured so does this give me any barganing power with the lender as i could with some breathing space at the mo.

 

[jhegarty]

Is this a private or business account ?

 

[pache]

Its a business acount.

 

[Brendan Burgess]

Are you operating as a sole trader or through a limited company?

If you are a sole trader, it isn't that relevant whether it is secured or not. Even if you cease to trade, you are personally liable for the debt.

If it's a company, you could put the company into liquidation.