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How Soon?
DilbertJones
Posts: 670 Forumite
in Credit cards
Hope you guys can help, I want a Egg Money card to transfer my Morgan Stanley CC £2800 Limit too in order to pay off my loan (18.9%)
My Question is how long should I ideally wait in order to apply? My recent applications are as follows.
Mortgage 75k Aug 05
Morgan Stanley £2800 Jan 06 - Used for cashback but with a limit as high as I need for my Loan & with a low APR for BT's (5.9%)
Egg £1400 Feb 06 - Used in full to pay off Fiance's Overdraft (0%)
I have a Overdraft of £500 used at the momen to the full (0%)
These are all the debts in my name.
Any help greatky appreciated
My Question is how long should I ideally wait in order to apply? My recent applications are as follows.
Mortgage 75k Aug 05
Morgan Stanley £2800 Jan 06 - Used for cashback but with a limit as high as I need for my Loan & with a low APR for BT's (5.9%)
Egg £1400 Feb 06 - Used in full to pay off Fiance's Overdraft (0%)
I have a Overdraft of £500 used at the momen to the full (0%)
These are all the debts in my name.
Any help greatky appreciated
0
Comments
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Go for it now, as its only the last 6months worth that count towards your credit score, so assuming you haven't had any other credit checks not listed here, you should be OK.0
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My understanding was that egg do not do a second credit search anyway. I think the max limit on egg money is 5k.0
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Well I Applied & was Accepted, although only a £800 Limit, this wont affect me wanting to transfer £2800 from Morgan Stanley onto it will it?0
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No, using egg as a mule then the lower limit the better, as it frees you up for applying elsewhere0
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Excellent news0
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