B
blackgold
Guest
I was offered a new loan last week by bank to pay off my outstanding debt on my credit card and my overdraft.
I know that the rate on the new loan is fixed and that in the long run it will save me money as interest rate on credit card debt is very high. I can afford to pay the new loan and will have clear credit card with much lower amount available to me..and will have my overdraft cleared. And I do not intend to use my credit card unless I can pay the amount in full each month.
However I am deeply suspicious of banks. as we all know it is always to their benefit and not the customers ..especially when they offer you something that you didnt actually ask for...
Some advice needed please.
I know that the rate on the new loan is fixed and that in the long run it will save me money as interest rate on credit card debt is very high. I can afford to pay the new loan and will have clear credit card with much lower amount available to me..and will have my overdraft cleared. And I do not intend to use my credit card unless I can pay the amount in full each month.
However I am deeply suspicious of banks. as we all know it is always to their benefit and not the customers ..especially when they offer you something that you didnt actually ask for...
Some advice needed please.