Advice on interest rates? And low interest shuffle?

indierocker85

I am trying to help my mother.

She has been refused a 6.5% low rate balance transfer card
And a 0% balance transfer card

What is the best way of consolidating the below so she is making less payments to less cards. But can increase the amounts. if that makes sense.

She owes currently

Aqua: £1097.65
Comet (GE Money) £883.61
Vanquis £547.01
Lloyds TSB Credit card : £2384.52
LPF : £427.71
Barclaycard: £599.48

I am wanting to know what the interest rates are? She isn't 100% sure at the moment. I urgently want to do something for her.

I have read about a shuffle without new credit. And getting existing cards to balance transfer etc.

Anybody who can help, please do. I am despserate to help her sort this out.

Bismarck

and she hasn't got the last statements?

need to know credit limits as well...on first impressions aqua and vanquia aren't known for being low unfortunately.

indierocker85

Bismarck wrote: »

and she hasn't got the last statements?

need to know credit limits as well...on first impressions aqua and vanquia aren't known for being low unfortunately.

I have the statements here for the end of December. What do we need to know from them? I aint sure where to look

indierocker85

So ideally we need to firstly aim to balance transfer the Aqua and vanquis one somewhere else then?

cifpower

What it the CL of the Barclaycard?

indierocker85

£400 And £200 cash

But it says above it *this has been temporarily suspended

cifpower

Has she been late or missed any payments on her cards?

indierocker85

More than likely yes. I know a couple have Late payment charges on them.

cifpower

I'm just a bit curious that Barclaycard have suspended her credit facililty. Any reason as to why? In more general terms, Martin's advice for a situation like this is to keep making minimum payments on all cards but throw whatever extra you can onto the card with the highest APR. If she is missing payments and cannot afford the minimum payments I would advise you to post of the DFW board.

YorkshireBoy

cifpower wrote: »

I'm just a bit curious that Barclaycard have suspended her credit facililty.

More likely she's reached the max cash balance (50% of credit limit?), and they've simply removed the cash advance feature.

cifpower

Ah. Didn't know BArclaycard operated like that