We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Overdraft advice needed

Hi, I have a Natwest account which is currently overdrawn by about £900; I am slowly paying this off each month but would like to pay it off quicker, because of the changes to Natwest overdraft charges coming in on 12 July. I don't know if it's best to apply for a 0% credit card and use that to pay the account off then pay the card off or whether I should use my other current account overdraft (£700, not used) - not with Natwest - to pay the Natwest account then use part of my salary to pay the Lloyds account.

Any advice appreciated.

Comments

  • LeaLea89
    LeaLea89 Posts: 360 Forumite
    Part of the Furniture 100 Posts Combo Breaker Car Insurance Carver!
    Hi moneymonkey01

    I would have a quick look at the weekly email, it has this covered with the pro's and con's this week.

    Personally i would go for the lowest cost option in the long run (i am personally with Natwest so i feel your pain!)

    Hope this helps x
    SPC6 #116 £652.75
    SPC7 #116 £674.50
    SPC8 #116 £1010
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.