advice

gibbons

hi just descoverd the site and thought what a better place to get advice. so any help would be greatly appeciated. here goes im in debt on my credit card up to £1500 and im overdrawn on my current account to the total of £1200 is it possible to get an interest free credit card that will be able to take care of both of them. i know i can get one for the credit card but how can i resolve the overdraft. i hate to say it but dont mention a loan because i have already got one of those i hope you can give me some advice thanks

jitsuguy

Hi Gibbons,

Firstly you should post an SOA (Statement of Affairs) this lists all your income and outgoings per month/yearly/weekly (which ever way you do it). Have a look at this thread:
http://forums.moneysavingexpert.com/showthread.html?t=107280

As for getting a balance transfer, the credit card (CC) is easy, but as for the overdraft you will need to get a card which allows a super balance transfer. An example is the Virgin card, but it will carge a hefty 3% for the tarnsfer. Another way is to get cash out of a credit card and then transfer that money in the CC to the one with a 0% interest free period. But you will get stung a bit! See link below:
http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1107182516,76509,

This is how I done it, but it was slightly by accident! I was transferring a credit card debt of £1000 but accidently wrote £200, well they transferred £2000. This gave me an extra £1000 in a credit card which I wanted to close, so I phoned the back up (Barclaycard) and said I over paid could you transfer this money back into my account please, and they did with absolutely no charge! A bit lucky I must say, but worth a try!

Hope this helps,

Jitsuguy