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
Help/advice needed...
wench02
Posts: 31 Forumite
Ok so I need some help. I have a number of outstanding credit cards to pay off (all 0%). I also have an overdraft on my current account which is constantly in use. (I’ve had a plethora of bills over the past few weeks which really haven’t helped.)
I clearly need to sort things out, which I am in the process of doing. However the major thing I need to address is getting the overdraft sorted out, as I’m paying for it each month.
Any suggestions
I clearly need to sort things out, which I am in the process of doing. However the major thing I need to address is getting the overdraft sorted out, as I’m paying for it each month.
Any suggestions
0
Comments
-
As your credit cards are on 0%, you should focus your efforts on repaying the overdraft, which is presumably charging you a monthly fee and/or a high-interest rate. Do you know how much money you have left to pay off debt every month? If not, it would be worth filling out a statement of affairs (http://www.stoozing.com/calculator/soa.php) and posting it here for more detailed advice.2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
Mortgage Overpayment Total: £22,397.10
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards