Keep falling off

StayingPositive_3

Nice to know I'm not the only just that when I do it the episode lasts a bit longer before I jump back on the wagon. Really determined this time as I just want to get it sorted out!!! I am spending more and more time thinking about my debt than I ever did before. The snowball calculator is useful in determining what to pay off first but doesn't help in seeing how best to sort things by transfering to 0%. For example I can't take cash out of the credit card (costs) so won't be able to pay off the overdraft. I will use it for the NW credit card now till I figure something out....

msmicawber

I could have sworn that I saw a post recently where someone transferred their OD to a 0% credit card (may just be deluded, though).

Why not post on the the credit card or loans board?

Another possibility might be to see if NatWest would convert the OD into a loan at a lower interest rate (might be shot down in flames for that one!)...

Anyway, this should now bump, so hopefully someone who's more knowledgeable than me about ODs and CCs will take a look.

climbgirl

msmicawber wrote:

I could have sworn that I saw a post recently where someone transferred their OD to a 0% credit card (may just be deluded, though).

It's called a Super Balance Transfer. Where they let you draw down the cash instead of transferring another credit card balance, so you can use it to pay off your overdraft (in effect, transferring it to the 0% credit card). I'm not sure how many cards still offer these though, check out the credit card board. The posters there will know.

tyllwyd

I don't know about transferring overdraft, but would it work if you paid for everyday things like food/petrol with your Capital One cards rather than cash, so that your credit card balance goes up and your overdraft goes down - then you could balance transfer from that card. (Of course, that means being disciplined enough not to overspend on the credit card, but I'm sure you don't need someone to tell you that!!)