Talk

Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

Best way to sort overdraft

(2 Posts)
Banana99 Fri 22-Jul-16 15:49:59

I'm desperate to get rid of my overdraft - it's costing me about £20 a month for £1500 but mentally I hate it

I am slowly chipping away at it but need a to get it down a lot more

I also have £1000 on credit card (and paying for it like an idiot) I was thinking of only using the credit card for a few months and then transferring to a 0% deal and then cutting the cards up - then pay a fixed amount a month

Does this sound sensible?

anyname123 Fri 22-Jul-16 17:31:11

I think Nationwide were doing free overdrafts for a year if you switch to them, perhaps worth considering, leave an extra 120 a month in the account, see this as non touchable, and by the end of year you'll be back in the black. And yes transfer to a 0% credit card ASAP, you'll never get anywhere with it otherwise sad

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now