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I really want to work my £500 overdraft
tiger5000
Posts: 108 Forumite
Can anybody offer me some guidance on this sorry state of affairs that I've got myself into.
I'm just about maxed out on my credit cards (about £3500 in total).
I'm just about up to my overdraft with Lloyds (about £1200), and another 'abandoned' account with Lloyds is £1000+ overdrawn (abandoned because ALL of this is THEIR bank charges).
But, I also owe the tax man £2600. I've got £1500 of this.
I've just opened an account with smile, and got a £500 overdraft.
I'm tempted to use this new £500 overdraft to pay off my evil B&Q store card (about £300), and I think I owe about £100 on a Burtons store card too.
As we're beginning the move away from Lloyds, My wife has also opened a new bank account, and she also has a £500 overdraft available.
I've begun my bank charge reclaim for about £3000 in total - I'd expect this to come to fruition end Jan/early Feb.
I can't get another 0% balance transfer credit card to switch balances around because of my poor recent credit history.
I really want to use my £500 to give me some breathing space, and so I really want it to work to my maximum advantage.
Does anybody have any thoughts on what my next move should be?
I'm just about maxed out on my credit cards (about £3500 in total).
I'm just about up to my overdraft with Lloyds (about £1200), and another 'abandoned' account with Lloyds is £1000+ overdrawn (abandoned because ALL of this is THEIR bank charges).
But, I also owe the tax man £2600. I've got £1500 of this.
I've just opened an account with smile, and got a £500 overdraft.
I'm tempted to use this new £500 overdraft to pay off my evil B&Q store card (about £300), and I think I owe about £100 on a Burtons store card too.
As we're beginning the move away from Lloyds, My wife has also opened a new bank account, and she also has a £500 overdraft available.
I've begun my bank charge reclaim for about £3000 in total - I'd expect this to come to fruition end Jan/early Feb.
I can't get another 0% balance transfer credit card to switch balances around because of my poor recent credit history.
I really want to use my £500 to give me some breathing space, and so I really want it to work to my maximum advantage.
Does anybody have any thoughts on what my next move should be?
0
Comments
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Hiya.
Due to the charges and fines you will rack up if you don't have the money to pay Mr TaxMan on 31st January I think it would be a good idea to get this money togather first before paying off the cards.Whether you think you can, or think you can't, you are usually right.0 -
post an SoA and see what suggestions people can make to help
http://forums.moneysavingexpert.com/showthread.html?t=1072800
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