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!
Escaping the new overdraft charges
Rachelkg33
Posts: 1 Newbie
in Credit cards
Can anyone tell me if you can transfer an overdraft debt onto a balance transfer credit card please? Or is the only option a Money Transfer Card? Thank you
0
Comments
-
You will have to get a money transfer card I am afraid.LBM Debt Total : £48,326.50
Pay All Your Debt Off By Xmas 2023 - #50 £1,495.29 / £12,000.00
Saving For Christmas 2023 - £1 a day challenge - #6 £100/£1095.000 -
You need a money transfer card.
Or you use a 0% purchases card, put your regular spend on it and clear the OD that way.
The main problem you'll have is acceptance if you're deep into your OD.1 -
Shifting debt around doesn't make it dissapear I'm afraid.0
-
No, but reducing the interest accruing can make it easier, quicker and cheaper for the debt to be paid off.Malkytheheed said:Shifting debt around doesn't make it dissapear I'm afraid.0 -
Well the obvious way to “escape” said charges is to not be overdrawn, no?0
-
OP, ignore the trolls. Follow the advice of ZX81, two options there for you. Obviously a zero % money transfer card would be the easiest option.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards