Is it ok for me to do this?

pmdude

I have £216 to clear on my Debenhams Card and £200 to clear from my MasterCard. I am also £300 overdrawn on my Natwest Current Account (my limit is £400)
I have opened a student account with the Royal Bank of Scotland, with an interest free overdraft facility of £1500. Should I use this money to pay off my debts?

asandwhen

If it is interest free then I know I would - but then I would work hard at paying it back before any interest was to be paid

Iona_Penny

if my sums are correct then you have £716 of debt. Use the overdraft to pay it off, but don't fall into the trap of then spending the remaining £784 of your overdraft!! I know it's obvious but you wouldn't be the first...

goldmercury

pay off the credit with the over draft, then tell the bank you want to decrease your overdraft limit by £x amount of pounds per month. This will stop you spending on the overdraft.