I'm getting a bit fed up of having no money, ever. I have a £1500 overdraft and £1500 credit card debit. I was thinking of taking out a £3000 loan to pay both of these off (and cancel the credit card altogether once it's paid), repaying about £150/month over 2 years, and extra bits here and there where I can afford it. I'm in work and get a payrise every September so I don't think I'm a big risk where banks are concerned.

Is this a sensible or stupid idea? I'm just SO fed up of being near my overdraft limit every month!