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Multiple overdraft accounts instead of loan (postgraduate) - anyone done this?
illumintai
Posts: 57 Forumite
Hello,
Instead of a career development loan of 10k which you start paying back at 10% annualised interest rate straight after graduation I was thinking of perhaps obtaining multiple postgraduate account with max overdraft limits (2k). My credit ratings are very good.
If anyone has done this I would like to hear about it. What risks do you see ?
Thank you.
Instead of a career development loan of 10k which you start paying back at 10% annualised interest rate straight after graduation I was thinking of perhaps obtaining multiple postgraduate account with max overdraft limits (2k). My credit ratings are very good.
If anyone has done this I would like to hear about it. What risks do you see ?
Thank you.
0
Comments
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Why do you think a second bank will give you a postgraduate account with overdraft once they discover you already have one with another bank? I'm no expert on these accounts but I think your idea is a complete non-starter.0
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