Looking for Advice for debts on the horizon..

StanVanDamn

Next month there is a few things which have all come together at once such as holiday, car insurance etc. I expect this to cost 1000 in total.

I have a 600 overdraft with my bank

Finally I have a loan outstanding of 2200 with lloyds TSB at 9.9%

I have a few questions if someone could help me:

1) Is it feasible to put all the above debts onto a 0% credit card and pay it monthly until the debt is cleared?

2) Is there any credit card companies which allow a payment into a bank account to clear the overdraft? I have looked around but cant see anything myself.

3) Is credit card the best thing to do? Should I be looking at other options?

I basically want to put all the debts together with the lowest interest rate as possible and pay it off.

Finally have to mention I am entitled to a nice 1500 bonus from work in September so this will go a long way to paying credit card off if I go down that road.

Thanks for your help.

StanVanDamn

Anyone have any ideas?

TUS

What is the interest rate for your overdraft?

You have a decent rate for your loan, so unless you can pay off the 0% credit card in full before the offer period ends - its not worth it.

If you know you can clear the balance within the offer period (eg, 12 months) then do it, as you'll save on the interest.

Look for Super Balance Transfer cards.