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Using an overdraft to pay off cc debt?
Comments
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Well, I have just done the application Online, and RBS says the funds will be in my account within 48 hours, My next CC payment is by the 20th, so I hope to pay the CC off in full, and pay off my overdraft by the end of the year. I am selling lots of things on ebay so I hope to pay the CC off quicker.
Surely 19% has got to be better than 34%, a saving of 15% off interest.
AJOwed: £1290 to RBS CC
Owed: £1147 to Capital One CC
Owed: £999 to Barclay CC (ex Egg)0 -
I know this sounds a like 'I am pushing it', but will paying off one whole CC with my overdraft do any good/bad to my credit score? It's just made me think.
AlexOwed: £1290 to RBS CC
Owed: £1147 to Capital One CC
Owed: £999 to Barclay CC (ex Egg)0
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