Getting rid of an overdraft?

Getting rid of an overdraft?

Author
Discussion

camgear

Original Poster:

6,941 posts

196 months

Thursday 2nd July 2009
quotequote all
Hi guys,

I have a 2k overdraft at the moment in my main account (where my wages come in), I keep dipping into it by about £1600 each month, I'd like to get rid of it entirely as it's about 10%APR interest, what's the best way to do it?

camgear

Original Poster:

6,941 posts

196 months

Thursday 2nd July 2009
quotequote all
Not a bad idea, I was thinking about shifting the balance to something with a better interest rate? I am gradually getting out of it but it's too easy to go 'Ah fuggit' and slip back into it!

camgear

Original Poster:

6,941 posts

196 months

Thursday 2nd July 2009
quotequote all
Tino said:
Get a virgin car with 15mths balance transfer, and pay the amount into your account(Yes you can do that)
So I'd get a card with a 2 grand credit limit, and pay that into the account? And then pay the card off at 0%?

T