Getting myself organised

UserX

Problem solved

Tixy

Hi and welcome to the forum.

I guess the answer to what might be the best option for your overdraft likely will depend on what your income/expenditure shows and how much you can put towards this debt each month and also on how much it is costing you currently.

Its unlikely they will agree to reduce the overdraft charges on the account. How much are you paying per month currently?

I imagine a new bank is going to be unlikely to give you a new account with an overdraft of that size, its very unlikely you will be given an overdraft bigger than the amount of money going in each month.
'slow stoozing' to a 0% credit card through spending - or even doing a 'super balance transfer' in to your bank account might be a possibility and may be a short term option.

Regarding the mortgage, not usually a favoured option on here but can work for some people depending on their personal situation and cost of the mortgage etc.

nicp60

Hi there,
Tixy has give you excellent suggestions. I would also advise against bothering with the bank for several reasons. You haven't (yet) defaulted on any payments (and hopefully won't). They will therefore have no reason to stop your charges, but may be alerted to possible financial difficulties.

I would complete an SoA (http://www.stoozing.com/calculator/soa.php) to see what kind of shape your monthly accounts are in, and then put both the overdraft and the credit cards into the snowball calculator (http://www.stoozing.com/calculator/snowball-calculator.php) and pay them off the cheapest way possible.

You could try a super balance transfer (http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs) but be sure you'll actually be saving. You'll need to calculate very carefully to avoid paying interest on any of your debts.