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credit card to pay off over-draft good idea?
thewinkshow
Posts: 333 Forumite
in Credit cards
hi there.
im currently in my overdraft by £1500 im gonna start throwing all my money at this to clear it.at the minute i consider myself to have good crddit history,ive never been late or missed any payment.the only bad thing i would say is this overdraft,that i ended up going in via a las vegas strip club whilst on holiday with the lads,long story.anyway i wanna get rid of it.now i have thought of getting a credit card for 2 reasons
1.is it true getting a credit card improves your credit history,ive never had one,but have been offered in the past.so basically if i put my overdraft debt on this card and pay it off this way,would it improve my credit history as ive used a credit card?i would defo cut the card up when the debt is clear as i dont really want a credit card.
2.im currently getting charged interest on my over-draft,so i would be saving money if i put all my money on a interest free credit card,is this true?i know they only last around 9 months,so i would have to clear the debt in this time.
does this seem like a good idea to you lot?
if not ill just leave the debt where it is and just start clearing it off every month.
if i decide to get a CC which do you suggest?some wont allow you transer debt from current account is this correct?what is the best card to use to transer my £1500 overdraft debt in my current account to a crddit card
thanks again
im currently in my overdraft by £1500 im gonna start throwing all my money at this to clear it.at the minute i consider myself to have good crddit history,ive never been late or missed any payment.the only bad thing i would say is this overdraft,that i ended up going in via a las vegas strip club whilst on holiday with the lads,long story.anyway i wanna get rid of it.now i have thought of getting a credit card for 2 reasons
1.is it true getting a credit card improves your credit history,ive never had one,but have been offered in the past.so basically if i put my overdraft debt on this card and pay it off this way,would it improve my credit history as ive used a credit card?i would defo cut the card up when the debt is clear as i dont really want a credit card.
2.im currently getting charged interest on my over-draft,so i would be saving money if i put all my money on a interest free credit card,is this true?i know they only last around 9 months,so i would have to clear the debt in this time.
does this seem like a good idea to you lot?
if not ill just leave the debt where it is and just start clearing it off every month.
if i decide to get a CC which do you suggest?some wont allow you transer debt from current account is this correct?what is the best card to use to transer my £1500 overdraft debt in my current account to a crddit card
thanks again
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