Alliance & leceister 0% overdraft, how do i..

David_Mee

tpapworth wrote:

Can't believe I never thought of doing this before!!!! Have just transferred most of credit limit (interest free until May) to my current account - then will transfer it into a savings account or ISA.
Worth it for the £35 fee.
Any suggestions on the best place for a short term investment??

Yes - forum should be renamed "Sore !!!!!! Forum" you spend so much time kicking yourself

Martin has loads of good articles on where to save

rbulph

Would anyone care to recommend Alliance & Leicester to me? I think if you do we get to share £100 - http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1130840242,33516

Send me a personal message if you would.

Mr_Mumble

rbulph,

Visit this thread for plenty of people willing to share the £100, should be able to get £90 for yourself.

1Zafreen

its all nice having 0% interest overdraft with A&L but they charge approx £30 EVERYDAY if u go over it!! with my salary, they agreed to give me £750 overdraft, but i need more than that. coz i've been trying to pay off me overdraft since dinosaurs left this planet. i desperately need help on paying off me OD, man!! i graduated in 2002 with £2000 OD with Barclays and still no improvement!! Barclays charge 15.9% interst!! CAN U BELIEEEVE THAT!!
WHAT DO I DO!! my rent is £325, phone bill £40 gym £38. these are my direct debits. i take home £1100 salary. i dnt go on hols or shop in sainsbury's!! i go to the poor (wo)man's supermarket... Morrison's, Lidl, Asda!! i am a persn of simple means. travelling takes a lot of my money!! but i have an oyster!!
its not to be.
i'm off to beg Madonna for some money. Maybe her Kaballah beliefs will benefit me by her giving me some money.

1Zafreen

Oh and i own no credit cards.
they scare me
if anyone can help me, i'm waiting
i've waited for 3 years, what difference will the rest of my life make!

from a sad 25 year old!!

David_Mee

1Zafreen wrote:

its all nice having 0% interest overdraft with A&L but they charge approx £30 EVERYDAY if u go over it!! with my salary, they agreed to give me £750 overdraft, but i need more than that. coz i've been trying to pay off me overdraft since dinosaurs left this planet. i desperately need help on paying off me OD, man!! i graduated in 2002 with £2000 OD with Barclays and still no improvement!! Barclays charge 15.9% interst!! CAN U BELIEEEVE THAT!!
WHAT DO I DO!! my rent is £325, phone bill £40 gym £38. these are my direct debits. i take home £1100 salary. i dnt go on hols or shop in sainsbury's!! i go to the poor (wo)man's supermarket... Morrison's, Lidl, Asda!! i am a persn of simple means. travelling takes a lot of my money!! but i have an oyster!!
its not to be.

well you're at the right place - loads of things you could do....

Cancel gym - walk places (save transport costs too)

Phone - is this mobile of landline - there are excellent threads and articles on cutting cost of both - maybe dump landline and renegotiate better mobile deal with lots of cross network minutes and use that? - checkout article on cutting landline bills if you really must still have one.

Checkout voucher deals from supermarkets to decrease shopping bill

Checkout articles on getting free money / cheaper money on credit cards - sounds like you may benefit from getting CC with lowest lifetime of balance transfer rate - use this to transfer OD onto - but NEVER SPEND ON IT

Check article and spreadsheet on budgeting

Keep posting here

1Zafreen

Thank you, David, but what are you saying!! CANCEL GYM!! I CAN'T DO THAT!! I NEED TO GET RID OF THE KRISPEY KREMES IN ME! seriously, speaking, i actually do need the gym, i am a performer (acting/dancing) and i need to stay fit. i do walk as much as possible. i live in an area where pretty much everything is in walking distance, also i use public transport. can't drive. i only befriend ppl who own cars!! ;-)
i have done everything u have suggested but getting a credit card. i'm so scared of the words. i remember cutting my card up when i was 17, methinks!! oh darn, i may need to get rid of my credit card virginity.
hmm..maybe thats what i will do. i think i needed someone to tell me to push me to get it. hmm....
thank you again
oh i dnt have landline. only my cell phone.

Magentasue

1Zafreen, have you looked on the Debtfree wannabe board? Lots of advice and support there - they'll have loads of ideas to cut your outgoings and reduce your interest payments. Good luck!