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should I pay off credit card with overdraft
taj
Posts: 69 Forumite
can anyone help me I have £800 credit card debt with smile bank, I pay £50 per month off this but would it be ok to pay off my credit card with my overdraft that I have with a smile current account or is that false economy.
I love being a non smoker (almost 5 years)
I love being frugal
I love being debt free and have NSD
I love being frugal
I love being debt free and have NSD
0
Comments
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What are the interest rates charged on your credit card and your overdraft?
If your overdraft interest rate is higher than that of your credit card then, yes, it would be false economy!
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