Home » Forums

[TFD]

Originally Posted by jonesMUFCforever

How many cards? What are the limits and balances outstanding?

What is your salary?

14.9% and 19.9% on Barclaycard Mastercard and Visa.
17.9% on Cahoot Visa

£1500 limit on each, only balance is approx £500 on each Barclaycard on a balance transfer at 6.9& and 0%.

Salary approx £60K.

[jonesMUFCforever]

If you earn £60k why on earth do you owe piffling amounts on multiple cards?
Something doesn't add up here.

[TFD]

Originally Posted by jonesMUFCforever

If you earn £60k why on earth do you owe piffling amounts on multiple cards?
Something doesn't add up here.

Only on there due to low BT rates. I've got £35K of debts in total - was £50K+ a couple of years back, so that puts a dent in my pocket each month!

I have balances on 2 out of my 4 credit cards, so nothing to worry me.

[NickX]

Originally Posted by jonesMUFCforever

If you earn £60k why on earth do you owe piffling amounts on multiple cards?
Something doesn't add up here.

Could be stoozing

As my income has increased, as have my credit limits and debt levels as I am able to stooze more and more.

Naturally the higher income means the higher Minimum Payments can be made from salary rather than dipping into stoozepot.

[jonesMUFCforever]

Originally Posted by TFD

Only on there due to low BT rates. I've got £35K of debts in total - was £50K+ a couple of years back, so that puts a dent in my pocket each month!

I have balances on 2 out of my 4 credit cards, so nothing to worry me.

This is why - you are now a high risk customer with a high net debt to salary value.
You have done well to bring it down from £50k - my advice pop over to the debt free wanabe board.