The interest charge battle/poor credit rating

Sea_shells89

Hello everyone,

I'm just trying to work out if there is anyway I can get a 0% overdraft account with a very poor credit rating. I have quite a bit of debt (£8Kish) and in the last couple of years since my depression has significantly subsided, I have become determined to clear off every balance. I'm trying to work out if there is a smarter way which I am not aware of, but eligible for?

[Deleted User]

An overdraft is unlikely to be the best way.

What is the debt?
What do you earn?
What do your credit files show (not the score or rating)?

National_Debtline

Hi Sea_shells89

I’m afraid you will struggle to get a deal like a 0% interest overdraft if you have a poor credit history. Is there any reason you are looking to do that? Having an overdraft can be a temptation to get further in to debt.

If you are struggling to repay the debts that you already have I’d recommend posting a statement of affairs (SOA) in the Debt-Free Wannabe forum http://www.stoozing.com/calculator/soa.php. That will help to see what your financial situation is and get offers of advice on your options.

Susie
@natdebtline

Sea_shells89

What is the debt?
What do you earn?

I earn quite well, but I live in London and everything just seems crazy expensive at the moment. I'm paying off quite a lot of things and only have one or two payments which I miss, but I haven't got any payday loans, just credit cards and overdrafts.

I know I need to prioritise and be stricter with my spending.

Thanks guys.

Candyapple

You need a money transfer card. Enter details below, what do the results show?

https://creditcards.moneysavingexpert.com/?money-transfers&_ga=2.256905794.81964179.1501666405-1404677910.1501666405