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Trying to find the best way to finance a car , insurance for it and overdraft (IRE) H

Finanacenewbie · 2016-12-03 22:58:04

This may be little long so my apologies if it is. Here is my story: I work full time (30K per year) I have an outstanding overdraft of 1500 euro which is due to expire on the 31 December. It has not been paid off, I have lived in it for a year. I have a driving test coming up ( 300 euro after I pay for the remaining…

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#32 04-12-2016 08:09PM

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Finanacenewbie wrote:

Ok... so if I can't afford it this year or next year... Should I get a loan to cover my overdraft instead of paying the high APR that they have set up ?

Just pay it off. You are on a good salary. APR is zero if you pay it off

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