Money transfer with credit card

iby121

Hi Guys,

Please can you advise what is the best way of going about clearing my overdraft I have with the halifax bank for my current account,. every month i get charged over £30 and want to avoid this.

What credit is best for me with low interest rates to help me transfer this overdraf to my credit card.

Also I have chekced my credit rating with experian and it states its fair but I have never held or applied for a credit card before.

I look forward to your replies.

Thank you

Venusflytrap

Instead of covering up a hole with another hole I suggest you start by looking at your monthly spends, where you can cut back and draw up a realistic budget you can stick to. If you are always in your OD month to month then this strongly indicates that you are spending above what you earn. Getting a super balance credit card doesn't solve the problem as you'll simply be moving the debt elsewhere.

What is your overall OD limit and outstanding balance? How much can you afford to pay towards servicing this debt if shifted to a CC? Would you still have money left over to stay in the green by month end?