Overdrafts/credit cards etc - advice please!

inmypocketnottheirs

Another way to deal with the overdrafts that may not be too painful.

Ask the banks to reduce the o/d by say £10-20 per month and that way it forces a repayment that ay be manageable.

The point is at the moment you are clearly living to your income, and you need to free up some cash, either as you say by switching to 0% deal or by cutting your expenses. The ideal would be both.

You need to take a hard look at your monthly spends and see what can be cut back or done without. Posting a statement of affairs on here would help others to make suggestions and find some cash to free up.

bruceiow

Thank you everyone for your kind help.

This weekend I am going to put the steps in place to fix the problem.

It may seem a silly trivial problem (hey its only 2k lol!!) but it is a disaster to me lol.

YorkshireBoy

inmypocketnottheirs wrote: »

Ask the banks to reduce the o/d by say £10-20 per month and that way it forces a repayment that ay be manageable.

...but be aware that some banks will carry out a credit search each and every time you make this request (I believe NatWest are one such bank), as they treat it as a fresh application for credit.

Daddy-Spendless

if you have a monthly income in excess of the credit card debt, you could pay the card off then use it for spending, as long as you do this every month you would in effect be transferring your debt to being interest free, you could then use what you save in interest to pay down the balance you owe.