Is it possible to switch your current account to somewhere with lower overdraft fees, while you pay off said overdraft?

[FlllightAttendant]

I have been trying to find a way to cut outgoings so it is quicker. I know there are places where the interest on authorised borrowing is much lower, but have tried to apply this morning to a couple of building societies and basically been offered accounts but with low overdraft facilities.

I hate giving Natwest 18% in interest on what I owe, but I can't think of a way to reduce that. Any ideas?

btw I am going to be honest here and say that the amount I need to apy off is currently about £2,500

(It was £4,500 a few months ago, I have been selling things and not spending, it is on track, which is why I am able finally to look at it and be proactive iyswim. Before that it was a case of not opening statements)

Could I get a credit card or something, to use for essentials, while building up a balance in my current account? Not sure how that would work?

Grateful for any advice.

Have you tried taking out a loan? Just looking at the Halifax for example; rates range from 7.9 - 14%, that's much lower than you are paying now. They also offer no repayments for the first 3 months. Would that be a possible solution?

Hmm it might be! Thanks LL. I am open to any ideas really as I know I am going in the right direction these days, I don't need to buy anything except food, bills, the usual...so I just want to sort of take control and be careful and pay it all off as soon as I can. I hate being in debt, I was never even overdrawn till a couple of years ago. Suddenly it took off a bit! But am back to senses now...

Those rates sound very good. Better that they are household names as well, loan companies are dodgy sometimes aren't they?

I was looking at Moneysaving expert and it said something about getting a 0% credit card to use till your balance is better, then cut up the card after you have got back into credit. Has anyone done that?

Oh thankyou! yes, I would have to be careful to pay it off before it became un-free. I'm not sure if that Tesco one is just 0% on Tesco purchases?
I think I need one that is 0% on everything!!!
Thanks very much for the link