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Why can't I get a card to transfer balance?
Julie67
Posts: 2,362 Forumite
in Credit cards
Hope you can help.
I recently tried to get a 0% interest card so I could transfer the balance of my existing card which I owe just under £9000 on.
This is so we can really work on paying it off as we are both really focused on getting out of debt. I tried Virgin but was refused. Even though I have a lot of debt we both earn good money and do not default or miss any payments and I think I have a good credit record. Can anyone suggest a card I could apply for to transfer the balance and also if I do this now within a few weeks of applying for the other one will it affect my credit rating? Thanx
I recently tried to get a 0% interest card so I could transfer the balance of my existing card which I owe just under £9000 on.
This is so we can really work on paying it off as we are both really focused on getting out of debt. I tried Virgin but was refused. Even though I have a lot of debt we both earn good money and do not default or miss any payments and I think I have a good credit record. Can anyone suggest a card I could apply for to transfer the balance and also if I do this now within a few weeks of applying for the other one will it affect my credit rating? Thanx
Started Self Managed DMP 10th May 2017.
Working hard to get rid of our debt.
Working hard to get rid of our debt.
0
Comments
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There's a full list of them on the stoozing site. Think people are getting good results with Halifax at the moment (I did last time I used them). So long as you pick a card from a different issuer than the one you have you'll be able to transfer the balance.
2 searches in 12 months even close together won't make any significant difference. If you've not already, would be worth checking your credit report to see what the lenders see incase anything there you're not aware of.
EDIT: Assuming the private loans in your sig are with friends/family and not on you credit report then the £20,700 of current debt (OD £2000 CC £8900 Bank Loan £9800) might have something to do with it."A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
Here's a list you can use, but don't go down the list applying one after another as you'll be unlikely to get credit from anyone. I noticed you have lots of debts in your signature (total £43,000) so I am assuming you must earn over £60,000 ('we both earn good money'). Most likely you have been refused credit is simply because you owe too much. Sorry I cannot help further."Do not spoil what you have by desiring what you have not; but remember that what you now have was once among the things you only hoped for."
- Epicurus (341 BC - 270 BC)0 -
Yes just over £20,000 are to friends and family. We do earn over £60,000. I think I will try the halifax. Thanks for the helpStarted Self Managed DMP 10th May 2017.
Working hard to get rid of our debt.0
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