Overdraft to credit card - Good idea?

Mulder00

steveo1982 wrote: »

My main focus is to repay the entire debt but for it all to be in one location. It may just be the way I am looking at it but feel that the overdraft is not going down if im paying the CC off.

Do you know if there is a limit to how many times I am allowed to change my overdraft limit on my current account ?

As long as putting it in one location isn't just a way of saying "I've dealt with it now" and you don't actually deal with your spending that kept you going back into overdraft.

I keep a spreadsheet with all my balances, savings and debts so that I can see from month to month that I am making a "profit". I record the net balance each month and compare that to make sure it's going up and not down. That way I can very quickly see what my total debt is (my savings far outstrip the debt though).

I don't suggest revising your overdraft too often - especially not if you are going to pay it off over a small number of months.