advice needed please

homersimpson_3

friend currently earns £14.5k. £3.5k mortgage on house worth £65k?????? friend applied to hsbc for credit card and was only offered 2k - 9 months at 0% followed by 22% (typical rate 13.9%). woman on phone told him there are 3 interest levels and they would only give him credit with the highest level. woman checked it with colleague and it was correct. why?
friend currently has just under 2k on virgin credit card which he will transfer to hsbc. at end of 0% deal with virgin. he has only been stoozing for about 6-7 months and up until last payment paid off min payments. on last payment paid off 25% of outstanding debt to show new credit card company he was serious in clearing debt.
Please advise.

Milarky

He may just be too new to the game for his good conduct to show up on credit reference checks properly. That last payment won't show up staight away, for instance, just as and when Virgin next shares its info witht the agency.

Lloyds can offer better credit limits than many companies do, but he may just have build up gradually.

His Virgin card may well offer a repeat promotion just after he has repaid them - with the help of LLoyds. The only problem is the fee will be 2% up to £50 max. [and that would be the same with any new MBNA-issued card too]. He needs to try and get Virgin to raise his credit limit therefore and transfer as much as he can in excess of £2500 [the point above which the fee no longer applies on single transfers]. In the past MBNA would regularly raise limits on a main card without being asked - but that did require waiting of course.

So far, he's not done anything wrong I can see.