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Loan to cover overdraft?
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Hi, sorry am a newby but hope for some advice? As many others who are not great with money I seem to live permanently in my arranged overdraft facility which am trying albeit slowly to bring down by working extra shifts etc when available. However have heard that they are going to start charging large interest rates due to some ruling re: arranged and un-arranged overdrafts. Is it likely to be a good ie cheaper idea to take out a loan to cover the overdraft and a month's salary in addition to keep me out of the overdraft facility? Or am i just kidding myself? As i seem to make what end up as bad decisions despite debating for long periods, I no longer trust my own financial judgement. Thanks in anticipation.