Confused / Inexperienced Credit cards

davej999

So before i ask for help ! got to apologise if this is in the wrong section , its my first post and im not a big forum person

I currently have an overdraft of £1100 of which i max each month and subsequently pay off each pay day , i then have two credit cards with a max limit of 500 both of which are almost maxed ....

Besides the obvious of just dont spend so much , what advice would anyone have for reducing the money i owe over these cards and which new credit cards could you recommend for me to try reduce these costs if any ?!

thanks in advance

rolls99

Ignoring the overdraft for now, an option is to use the eligibility checker here:
https://creditcards.moneysavingexpert.com/?balance-transfer


For balance transfer cards; it will give you a rough guide as to your chance of approval.


Barclaycard, and Nationwide (on their own sites) also allow "Soft searches" which will let you
get an idea whether you'll be accepted or not.


Check these out, and the simplest solution is if you can get a 0% balance transfer card,
transfer what you can off one or both cards, which will then bring down those balances.


(and don't then max them out again!)


You then have an interest free period which, when paying the balance transfer card should allow
you a bit extra to put to your OD over time

Paully232000

davej999 wrote: »

So before i ask for help ! got to apologise if this is in the wrong section , its my first post and im not a big forum person

I currently have an overdraft of £1100 of which i max each month and subsequently pay off each pay day , i then have two credit cards with a max limit of 500 both of which are almost maxed ....

Besides the obvious of just dont spend so much , what advice would anyone have for reducing the money i owe over these cards and which new credit cards could you recommend for me to try reduce these costs if any ?!

thanks in advance

It is all very well saying that we should not mention not spending so much, but sounds like your problems may be more than just the CC debts given you are in your overdraft every month. You should try the debt free wanabee board for this.

However, in the meantime, assuming you are paying interest on both your CCs, try applying for a 0% BT card. Having said this, give your overdraft use each month and max on your two cards, this may be difficult.