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  • FIRST POST
    • charlie2110
    • By charlie2110 6th Sep 17, 5:00 PM
    • 4Posts
    • 0Thanks
    charlie2110
    Card apps and increasing limits
    • #1
    • 6th Sep 17, 5:00 PM
    Card apps and increasing limits 6th Sep 17 at 5:00 PM
    I currently have 2 cards one with £3700 limit and one with £1k limit. I also have an HP which I'd like to pay off with existing card and then get a 0% card and balance transfer. The HP balance to pay off is circa £4,600.00. With my 2 existing cards and monthly spending I cant pay off the HP, so I'd need to increase my credit limit, but then I'd want to apply for a new 0% card. What is the best way of going around this? One or the other could be denied (no reason it should be). Should I increase my credit limit first on my current cards then apply for a 0%, then once all that is approved, pay off my HP?
Page 1
    • john1002
    • By john1002 6th Sep 17, 6:25 PM
    • 858 Posts
    • 362 Thanks
    john1002
    • #2
    • 6th Sep 17, 6:25 PM
    • #2
    • 6th Sep 17, 6:25 PM
    I would apply for the increases now, it will take a month minimum to update at the credit reference agency so in that time you can apply for a card maybe recommended from the MSE credit club or other card approval system either direct like MBNA to gauge acceptance and likely limit.

    Good luck, let us know how you get on

    John
    • charlie2110
    • By charlie2110 6th Sep 17, 6:43 PM
    • 4 Posts
    • 0 Thanks
    charlie2110
    • #3
    • 6th Sep 17, 6:43 PM
    • #3
    • 6th Sep 17, 6:43 PM
    That's really helpful and interesting, thank you John
    • SeduLOUs
    • By SeduLOUs 6th Sep 17, 6:46 PM
    • 2,073 Posts
    • 2,460 Thanks
    SeduLOUs
    • #4
    • 6th Sep 17, 6:46 PM
    • #4
    • 6th Sep 17, 6:46 PM
    Have you considered a money transfer card instead?

    Or even better if you can pay off the HP with a credit card look at a new credit card with 0% purchases - then you won't have to pay any balance transfer fee.
    • charlie2110
    • By charlie2110 7th Sep 17, 11:29 AM
    • 4 Posts
    • 0 Thanks
    charlie2110
    • #5
    • 7th Sep 17, 11:29 AM
    • #5
    • 7th Sep 17, 11:29 AM
    Another good idea, I will look into both. Thanks
    • List Maker
    • By List Maker 8th Sep 17, 11:40 AM
    • 34 Posts
    • 10 Thanks
    List Maker
    • #6
    • 8th Sep 17, 11:40 AM
    • #6
    • 8th Sep 17, 11:40 AM
    My sister asked her HP company if they accepted credit cards to pay off finance, they didn't. So just double check you can do it first.
    I know mine would also not accept it when I went to pay mine early.
    Hers is Toyota Finance.
    HOUSE DEPOSIT - £4,088.73/£42,000
    Debt Free since July 2016
    • charlie2110
    • By charlie2110 8th Sep 17, 12:51 PM
    • 4 Posts
    • 0 Thanks
    charlie2110
    • #7
    • 8th Sep 17, 12:51 PM
    • #7
    • 8th Sep 17, 12:51 PM
    I have online acces to my hp and when I requested a settlement figure it took me to another screen where there was a payment buttton which I selected and it stated the card had to be in your name and then all the boxes to fill out for a card. Cheers though.
    • SeduLOUs
    • By SeduLOUs 8th Sep 17, 4:06 PM
    • 2,073 Posts
    • 2,460 Thanks
    SeduLOUs
    • #8
    • 8th Sep 17, 4:06 PM
    • #8
    • 8th Sep 17, 4:06 PM
    I have online acces to my hp and when I requested a settlement figure it took me to another screen where there was a payment buttton which I selected and it stated the card had to be in your name and then all the boxes to fill out for a card. Cheers though.
    Originally posted by charlie2110
    That doesn't necessarily mean they accept CREDIT cards though.
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