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  • FIRST POST
    • Richie3000
    • By Richie3000 13th Oct 16, 3:28 PM
    • 5Posts
    • 0Thanks
    Richie3000
    Credit card help needed URGENTLY
    • #1
    • 13th Oct 16, 3:28 PM
    Credit card help needed URGENTLY 13th Oct 16 at 3:28 PM
    Hi im new to the forum and have a serious problem with my card and any advice is greatly appreciated,

    so 3 yrs ago i started a credit card with mbna and used it to finish repairs on my uk home so i could rent it and move to france to be with my partner, i have paid some of the card off but still owe 2700 and the interest free runs out in 7 days!

    1month ago i had a conversation with mbna and they said i could extend the interest free for another year for %3,5, called them today and no can do GREAT.

    i have a uk bank account and a rental income in the uk, does anyone know what my options are as i desperately need to extend my interest free period or transfer my balance.
Page 1
    • zx81
    • By zx81 13th Oct 16, 3:39 PM
    • 9,322 Posts
    • 9,146 Thanks
    zx81
    • #2
    • 13th Oct 16, 3:39 PM
    • #2
    • 13th Oct 16, 3:39 PM
    What card options are available to you in France?
    • Richie3000
    • By Richie3000 13th Oct 16, 3:49 PM
    • 5 Posts
    • 0 Thanks
    Richie3000
    • #3
    • 13th Oct 16, 3:49 PM
    • #3
    • 13th Oct 16, 3:49 PM
    things are going a bit south over here and im not sure i will be staying anymore than the start of next year so i would like to keep it in the uk if possible, can i tell them i live in the uk? what kind of checks do they do?
    • muhandis
    • By muhandis 13th Oct 16, 3:57 PM
    • 204 Posts
    • 81 Thanks
    muhandis
    • #4
    • 13th Oct 16, 3:57 PM
    • #4
    • 13th Oct 16, 3:57 PM
    If MBNA has said no, I don't think there's any point in barking up that tree. You need to look at options to transfer your balance.

    Tons of offers going on 0% balance transfers (a few of them even no-fee) at the moment. Are you registered to vote in the UK at your home address i.e. do you have a permanent UK address that you can put on a card application?

    Might be worth checking the eligibility calculator on the MSE cards page to see if your current UK bank (assuming it has your UK address) has any balance transfer offers that you could use and which you have a high chance of getting. Assuming you have online banking, the new CC should show up under your login in a day or two and you could initiate the BT without having to physically get the card/login details/etc. I've done exactly this (BT without having the card in hand) with my Nationwide account when I was on holiday in India.


    Hi im new to the forum and have a serious problem with my card and any advice is greatly appreciated,

    so 3 yrs ago i started a credit card with mbna and used it to finish repairs on my uk home so i could rent it and move to france to be with my partner, i have paid some of the card off but still owe 2700 and the interest free runs out in 7 days!

    1month ago i had a conversation with mbna and they said i could extend the interest free for another year for %3,5, called them today and no can do GREAT.

    i have a uk bank account and a rental income in the uk, does anyone know what my options are as i desperately need to extend my interest free period or transfer my balance.
    Originally posted by Richie3000
    Last edited by muhandis; 13-10-2016 at 4:00 PM.
    • MallyGirl
    • By MallyGirl 13th Oct 16, 4:03 PM
    • 1,551 Posts
    • 3,752 Thanks
    MallyGirl
    • #5
    • 13th Oct 16, 4:03 PM
    • #5
    • 13th Oct 16, 4:03 PM
    it would depend on the lender. 7 days is cutting it too fine. With Virgin for example they wouldn't do the transfer till I physically had the card - which they will send only to the address on the application.
    • Richie3000
    • By Richie3000 13th Oct 16, 4:04 PM
    • 5 Posts
    • 0 Thanks
    Richie3000
    • #6
    • 13th Oct 16, 4:04 PM
    • #6
    • 13th Oct 16, 4:04 PM
    i own a uk adress but im registered with gov uk as living abroad, i own a uk house tho if that makes any difference, i called my bank and they said they cant offer anything because they have on my file i dont live in uk, i think mbna think i still live in the uk.
    • zx81
    • By zx81 13th Oct 16, 4:14 PM
    • 9,322 Posts
    • 9,146 Thanks
    zx81
    • #7
    • 13th Oct 16, 4:14 PM
    • #7
    • 13th Oct 16, 4:14 PM
    Be careful of making a fraudulent app - it's one of a few scenarios in which they could demand immediate repayment.
    • Richie3000
    • By Richie3000 13th Oct 16, 4:20 PM
    • 5 Posts
    • 0 Thanks
    Richie3000
    • #8
    • 13th Oct 16, 4:20 PM
    • #8
    • 13th Oct 16, 4:20 PM
    i earn a wage here i have a house with positive equity but i cant remortgage yet, is there no cc company or loan i can get from abroad?

    thanks for the help im really panicking here.
    • zx81
    • By zx81 13th Oct 16, 4:27 PM
    • 9,322 Posts
    • 9,146 Thanks
    zx81
    • #9
    • 13th Oct 16, 4:27 PM
    • #9
    • 13th Oct 16, 4:27 PM
    Not with an overseas address.

    What is your APR? 2700 isn't a large balance. Are things really that desperate?
    • muhandis
    • By muhandis 13th Oct 16, 4:37 PM
    • 204 Posts
    • 81 Thanks
    muhandis
    You could check the mse loans eligibility calculator using your UK address https://www.moneysavingexpert.com/eligibility/loans-calculator/ to see if you *might* stand a chance of being offered any personal loans for the amount you need.

    i earn a wage here i have a house with positive equity but i cant remortgage yet, is there no cc company or loan i can get from abroad?

    thanks for the help im really panicking here.
    Originally posted by Richie3000
    • Richie3000
    • By Richie3000 13th Oct 16, 4:51 PM
    • 5 Posts
    • 0 Thanks
    Richie3000
    the rate is 20.9% annual rate

    they have now offered me a 2000 pounds money transfer for 5% handling fee interest free for 1 year so that leaves me with 700 outstanding plus the 5% i have to pay,
    • Sam29
    • By Sam29 13th Oct 16, 7:38 PM
    • 16 Posts
    • 9 Thanks
    Sam29
    I wouldnt worry about it. The total owed and the interest rate isnt that high and if you keep making payments will soon be shifted and the interest will always decrease. Also commiting fraud to gain a zero percent deal is definately not worth it.
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