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Recent graduate, want to get on top of my debt
Estella1
Posts: 2 Newbie
Hi sorry to bother you, looking for some financial advice!
I graduate Uni in January (already received degree, was ill during exams so sat at the end of the summer). I currently have a 2K overdraft with Halifax in a student account (hasn't been converted yet), £500 on Vanquis credit card and £200 on a capital one card. Believe it or not but most of this debt was due to rent etc.
I'm not currently earning and my monthly outgoings (repayments, phone) are around at minimum £90 a month. I sold my car which has helped with payments. Parents are kindly helping with living costs.
However I've been looking at some graduate accounts, and wondering if I could use the graduate overdraft to 1. pay off the credit cards 2. Lump the other overdraft in so its one lot of debt?
I'm just wondering if this is possible since I am unemployed? I am although obviously looking for jobs. Also is this the most sensible way to go about things? I'm looking for some advice on how to get on top of things really.
Thanks for reading!
I graduate Uni in January (already received degree, was ill during exams so sat at the end of the summer). I currently have a 2K overdraft with Halifax in a student account (hasn't been converted yet), £500 on Vanquis credit card and £200 on a capital one card. Believe it or not but most of this debt was due to rent etc.
I'm not currently earning and my monthly outgoings (repayments, phone) are around at minimum £90 a month. I sold my car which has helped with payments. Parents are kindly helping with living costs.
However I've been looking at some graduate accounts, and wondering if I could use the graduate overdraft to 1. pay off the credit cards 2. Lump the other overdraft in so its one lot of debt?
I'm just wondering if this is possible since I am unemployed? I am although obviously looking for jobs. Also is this the most sensible way to go about things? I'm looking for some advice on how to get on top of things really.
Thanks for reading!
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