We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Overdraft help

2»

Comments

  • Sharon87
    Sharon87 Posts: 4,011 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hows your credit score? Could you shift it to a money transfer credit card with a 0% deal? MBNA, Virgin and Barclaycard I believe do money transfers for a slightly higher fee than balance transfers.

    Could you apply for one and see if you're accepted then transfer the balance and pay it back over the 0% interest free period?
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Sharon87 wrote: »
    Hows your credit score? Could you shift it to a money transfer credit card with a 0% deal? MBNA, Virgin and Barclaycard I believe do money transfers for a slightly higher fee than balance transfers.

    Could you apply for one and see if you're accepted then transfer the balance and pay it back over the 0% interest free period?

    You mean credit history not score.
  • Sharon87
    Sharon87 Posts: 4,011 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yeah, i just use it as a general term not an actual score as it doesn't exist.
  • redpete
    redpete Posts: 4,757 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    markharriers wrote: »
    I have an overdraft of 1000pound that's charging me a £1 a month :/

    Would anyone be kind enough to offer me some advice
    Impossible to give useful advice without knowing more. Not very useful advice would be earn more, spend less or borrow at a lower rate.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • markharriers
    markharriers Posts: 231 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    redpete wrote: »
    Impossible to give useful advice without knowing more. Not very useful advice would be earn more, spend less or borrow at a lower rate.

    Thanks for all your help guys.

    As for this post I will choose to be grown up and ignore
  • rogue999
    rogue999 Posts: 170 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    markharriers wrote: »
    Thanks for all your help guys.

    As for this post I will choose to be grown up and ignore
    The advice is sound though - Spend Less, Earn more, Borrow at a lower rate

    Those are the only things you can do to get rid of the overdraft. Spending £30 per month on overdraft fees is a lot - maybe you could do an SOA and we could have a look if there are any areas that could be cut down - sometimes it helps to have a fresh pair of eyes take a look.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture