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Overdraft at Nationwide, help?
Elvee_2
Posts: 2 Newbie
Hi,
I'm just wondering if someone could give me their advice.
I have a £500 overdraft with Nationwide, which was interest free, and have just been told via a letter that 'my credit score did not reach the level required to renew your facility'. They are going to add interest to it from the end of this month, 1.45% variable per month (18.9% EAR). I do have a bad habit of going over my overdraft, at £30 each time...
I also have a bank loan with RBS, £5000 with interest 3.75% p.a. (was still classed as a graduate rate loan). I only pay £92 a month into this loan, and the interest at the moment is around half the amount of this payment...
Debt eh. Just wondering if anyone has advice for the best way for me to clear my overdraft, preferably a way to transfer it to something that has no interest... if my credit rating isn't now too low?
And the loan I have, is there a better way to pay off debt like this?
Thanks...
Elvee
I'm just wondering if someone could give me their advice.
I have a £500 overdraft with Nationwide, which was interest free, and have just been told via a letter that 'my credit score did not reach the level required to renew your facility'. They are going to add interest to it from the end of this month, 1.45% variable per month (18.9% EAR). I do have a bad habit of going over my overdraft, at £30 each time...
I also have a bank loan with RBS, £5000 with interest 3.75% p.a. (was still classed as a graduate rate loan). I only pay £92 a month into this loan, and the interest at the moment is around half the amount of this payment...
Debt eh. Just wondering if anyone has advice for the best way for me to clear my overdraft, preferably a way to transfer it to something that has no interest... if my credit rating isn't now too low?
And the loan I have, is there a better way to pay off debt like this?
Thanks...
Elvee
0
Comments
-
Go to the debtfreewannabe board and take their advice on how to clear your debt.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0
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