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Car overdraft and credit card advice

Dear all

Im in a little bit of dilema, i`m hoping to borrow £3k for a new car but i still have credit card balance of £1.5k and an overdraft balance of £2k. I can afford to pay £300-350 each month. Im not sure to either get a loan for the full value of £6.5k or transfer my card to another credit card and go for smaller loan??? Please help

Comments

  • drbesty
    drbesty Posts: 967 Forumite
    It doesn't sound like you can afford it, pay your current debts off and then think about a car, otherwise you're on a downward spiral
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