Crippling Bank Charges

twizzle36

I am self-employed work with my Husband, considerably in debt to the tune of £27000+ and have got a mortgage too!
We bank with NatWest and have 2 Advantage Gold accounts each of which are in the red but not upto the allowed limit. It is costing us around £70 per month I think in charges, which we cannot afford. How can I get rid of the overdrafts in a SAFE way?
I have just registered to get an Abbey card as they are supposed to be doing SBT, but there was no mention in the application form, so instead I opted to BT a credit card debt.
Our situation is really too complicated to go into right now as it would take forever. But if anyone has got some ideas, I am ready to listen.

YorkshireBoy

twizzle36 wrote:

I have just registered to get an Abbey card as they are supposed to be doing SBT, but there was no mention in the application form, so instead I opted to BT a credit card debt.

Many of the MBNA run cards have now introduced a 'money transfer' definition into their T&C's, meaning SBT's are no longer financially viable due to the high interest rate charged. However, there is another way...

You can use an Abbey (MBNA) credit card cheque to pay into your current account. The last time I checked the T&C's the cheques were 0% and treated the same as a BT.

Something to consider perhaps?

twizzle36 wrote:

Our situation is really too complicated to go into right now as it would take forever.

The more information you can give, the better the responses will be.