Right, my car and car finance is costing me a fortune every month at the moment and as a result im finding myself heavily in my overdraft every month.
Im on ok money at my job yet im spending £270 on fuel a month going to work etc minimum, as well as a fairly high finance payment and atm i have all the normal bills coming in for a car, tax, service,insurance, 4 new tyres.
Now i wish to get a bank loan to clear my finance and hence give me lower repayments each month as well as pay for the insurance etc, as i would still be better off.
Now i was wondering (finally) if the fact that im always in my overdraft will affect a loan decision much? i have a credit score of 999 and never missed a payment or exceeded my OD. yet last time i applied last year i was turned down and obv dont want this to happen again.
Many thanks all