The One That's About Money Again
Does anyone who reads this know anything about money?
If my overdraft is charged at 18.3%apr and my credit card is charged at about 17% apr, it makes sense for me to consolidate my debt into a loan (only a teensy tiny one) that charges about 10.5% apr, doesn't it? It's all through the same bank, I'm not talking about one of those comedy loan companies.
I'm less than £3k in debt over all (not counting my student loan, which takes care of itself), so I realise I'm hardly in dire financial straits, but yesterday's card declining experience really shook me up. Has anyone else done this and will it be easier to manage my finances this way? Cheers for any advice you can give!
If my overdraft is charged at 18.3%apr and my credit card is charged at about 17% apr, it makes sense for me to consolidate my debt into a loan (only a teensy tiny one) that charges about 10.5% apr, doesn't it? It's all through the same bank, I'm not talking about one of those comedy loan companies.
I'm less than £3k in debt over all (not counting my student loan, which takes care of itself), so I realise I'm hardly in dire financial straits, but yesterday's card declining experience really shook me up. Has anyone else done this and will it be easier to manage my finances this way? Cheers for any advice you can give!