pay off 0% bal. before requesting extension ?

US4

Any advice on whether its best to get your CC to zero before calling and requesting to close the account or get an extension, or call prior to applying for a new CC and sorting a BT and keeping the pot safe in savings and the bal on the CC?

anyone done both what works best ?

need to shift Cap1 and Virgin soon, so am currently planning on settling the CCs to zero before I call and request an extension/new BT offer.

Bokken_2

US4 wrote:

need to shift Cap1 and Virgin soon, so am currently planning on settling the CCs to zero before I call and request an extension/new BT offer.

I have done what you outlinned here several times and seems to work quite well recently getting A&L to extend their 9mths @0% to a additional 6mths.
I settled the account first .
You cannont rely no them providing you with a 0% extention so you should always have a back up plan.
Especially if you are stoozing.

simonleblank

I paid off both M&S and Abbey, got 6m extention @ 0% on both, hope this helps?

US4

thanks - both,

have just paid off Cap1, and am waiting for it to show online before I call to cancel/extend.

Virgin is next 0% ends 14 Apr, so need to apply for a healthy credit limit card soon, will pay Virgin off before requesting extension.

any ideas how often Equifax/Experian are updated, so my Cap 1 will show as settled prior to any new applications ?

charlie12

US4 wrote:

any ideas how often Equifax/Experian are updated, so my Cap 1 will show as settled prior to any new applications ?

In my experience Capital One take a very long time to report their accounts as settled (2+ months...).

Bokken_2

US4 wrote:

any ideas how often Equifax/Experian are updated, so my Cap 1 will show as settled prior to any new applications ?

Details from credit cards and banks are supposed to be submitted monthly but this is not always the case so it may be two months before you see a update in your credit file.