How did this happen?

purplelisa

I'm with everything merch has to say on this one but would like to add that it's really worthwhile looking into a 0% interest credit card. It looks like you're paying too much interest anyway. This would be your best bet if you could pay off the balance within the 0% interest period but if you don't think you can, then there's still some 'life of balance transfer' credit cards out there. I've just transferred a joint credit card balance to a Barclaycard credit card with a life of balance interest rate of 6.3%. That's cheaper than any loan I could've gotten. Good luck in sorting this one out, let us know how it goes.

jadecinema

I've just applied for a Virgin card with 0% for 16 months on balance transfers. I have to wait to see if I'm accepted, which I should know within 7-10 days. I probably won't get accepted for it as I missed a few payments in the first half of last year (2007) due to Smile losing my direct debit details and me not chasing it up. I've been up to date and all payments have been on time for the last 15 months or so.
If I'm rejected for this card, should I apply for another one or should I leave it? I've read Martin's advice on not applying for multiple cards. If I do get rejected, then I guess it's just a case of paying the £23.20 from the insurance off of the existing balance.