Applying for a loan
Sorry not a baby related question but since being on maternity I’ve gone way into my overdraft and I need it cleared ASAP so going to apply for a loan. I don’t go back to work until September so when applying, should I say what I’ll be earning then? They’re asking for my monthly income you see. TIA
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You could look into a 0% fee balance transfer credit card as well? Check interest rates on all of these options (overdraft, CC, loan). And choose the lowest.
I would say it’s probably better to speak to your bank and come to an arrangement for paying off the overdraft than to take out a loan
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No you need to say what your earning now I think. However check your interest on the loan cos I think overdraft interest would be less than a short term loan. What I did was reduce my overdraft each month by a certain amount.