If you find yourself sitting in an overdraft every month, with your monthly pay not helping after rent and other outgoings come in to play. There are options to help manage your overdraft and avoid those high interest rates and fees you might be being charged each month.
Bank loan- Taking out a bank loan may help take you out of your overdraft and provide you with manageable monthly payments. You should be able to arrange a meeting with your bank to discuss how you can manage your money and begin a saving plan.
Money Transfer credit card- This could be an option to help you get out of your overdraft, however, you must check that the credit card offers 0% transfer rates and time frames that these offers apply to avoid high fees. This may help you to get out of your overdraft and make monthly payments to pay off your credit card debt.