Help wit getting credit

emmajayne18_2

Hi everyone,

I am spending this bank holiday getting into a bit of a panic!

I currently have 4 credit cards (Virgin, tesco, halifax and hsbc).

I was getting my finances straight a year so so ago and transfered all my balances (back at the time the banks were giving out credit easily)
Anyway, 2 of these cards have had the interest free period expire and the other 2 are due to end June/July.

I still have quite a lot of debt on them but have tried applying for 2 other cards to re-transfer the balances onto but have been refused.

I am really worried now, I am struggling to make the interest payments on the 2 that have expired and when the other 2 expire I will be in big trouble.

Has anyone been in a similar situation - what can I do once these other 2 have expired and I have 4 cards with interest! help - I am not spending on any of the cards.

Thanks in advance,

Emma

Innocent_Guy

Is there any possibilty you could get accepted for a consolidation loan?

dylansmum

Hi,

Someone with more info will be along soon but you could go to the DFW board and post up a statement of affairs (ins and outs) to see if there are any adjustments to be made to your budget to help you pay off the bedt.

In the meantime:

It can be hard to get credit if your cards are full - depends on lender's critera, of course. But applying too many times can harm your rating I think.

emmajayne18_2

Thanks for the advice so far. A consolidation loan, is that to pay off the whole credit?
I am not sure i would be accpeted if I can't get a credit card!

thriftymomma

How many applications have you made recently. Lots of recent searches will be hampering your efforts. Perhaps wait 6 months and try with your own bank for a loan>?