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C card or Overdraft

nuttyrockeress
nuttyrockeress Posts: 1,260 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Budgeting & bank accounts
I have some extra money this month and was planning on paying £500 off my CC and paying off my £400 overdraft.

The CC rate has shot up to 26% - would you advise paying £900 off the CC or do as planned? :confused:

Thanks
It's nice to be nutty but's more important to be nice

Comments

  • withnell
    withnell Posts: 1,629 Forumite
    All depends what rate your overdraft is - but also remember that the overdraft is repayable on demand
  • nuttyrockeress
    nuttyrockeress Posts: 1,260 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks for that - I think I will go with my first choice and pay it off.

    I am hoping to pay the CC off very soon so I will definately get rid of the OD
    It's nice to be nutty but's more important to be nice
This discussion has been closed.
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