Maximum overdrafts

yellowhelena

Hi, I'm hoping someone will be able to help please.... Basically, I'm considering opening a few bank accounts (current) so that I can use the new overdrafts to pay an immediate debt, but my credit rating isn't brilliant - I have one ccj (old debt of 2000 which I'm paying off at 1 per month because my income is low) and I'm on benefits including disability benefits because I'm unable to work atm due to a health condition... is there anyone out there with any experience that might be able to give me some advice please, is this a good idea and do you think I'll be able to get much in the form of overdrafts?
Thanks

zppp

yellowhelena wrote: »

Hi, I'm hoping someone will be able to help please.... Basically, I'm considering opening a few bank accounts (current) so that I can use the new overdrafts to pay an immediate debt, but my credit rating isn't brilliant - I have one ccj (old debt of 2000 which I'm paying off at 1 per month because my income is low) and I'm on benefits including disability benefits because I'm unable to work atm due to a health condition... is there anyone out there with any experience that might be able to give me some advice please, is this a good idea and do you think I'll be able to get much in the form of overdrafts?
Thanks

I would say that given you have a limited income, and you have a current CCJ, it is unliekly you would secure unsecured finance by way of an overdraft. What kind of debt are you trying to pay off, we may be able to advise about it.

yellowhelena

Thanks for your reply.
Sorry I can't say what it's for.
Do you think I'd be able to get much credit from credit cards?

paulmcerlean

Without a perfect credit rating you wont get a credit card with a limit close to your debt.

No chance on any overdraft either given your circumstances. None.

YorkshireBoy

paulmcerlean wrote: »

Without a perfect credit rating you wont get a credit card with a limit close to your debt.

Appreciate I'm 'reading between the lines', but I suspect the monies desired would not be used to service the debt which has incurred the CCJ.

redpete

yellowhelena wrote: »

Thanks for your reply.
Sorry I can't say what it's for.
Do you think I'd be able to get much credit from credit cards?

No - as per answer in the other thread.

Payday loans won't work either, nor a mortgage, nor any other kind of loan from a financial institution.