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Overdraft Charges
jozvaldo
Posts: 405 Forumite
I currently have an overdraft on my current account of £4000 which I am trying to clear by paying around 600 - 800 every month. However I am obviosuly getting various charges, ie interest which accumulate to around £70 a month.
Has anybody got any ideas as to how I could move the overdraft elsewhere to avoid the charges??
Has anybody got any ideas as to how I could move the overdraft elsewhere to avoid the charges??
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Comments
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If you can't get an agreed overdraft to cover it have you considered a loan?0
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is this an agreed £4000 limit or are you over your agreed limit?
best thing to do is probably a short term loan, if your paying £600 a month, then get a 6 month loan, and youll only pay a few quid interest,. alternatively, if you commumicate with your bank and , as it seems, you are showing a willingness to pay it off, see if they can waive any interest. no harm in asking them0
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