Tarting whilst freelance

chuckyhen

Good morning all,

My two 0% balances are due to come to end in the next couple of months (Tesco and Virgin) however in the next few weeks I will leave my current job and comfort of a regular salary to go freelance. I'd like to tart my balance on these two cards (approx. £4k) to another deal - should I do it now, within the next couple of weeks, so that I can put the salary I'm currently on? I think I already the know the answer, yes, but just wanted to double-check! I've looked at the Halifax deal.

Also, when I come to tarting again after the end of the next deal - will I find it more difficult being freelance, I am a homeowner though. I always keep my Virgin card running as my 'emergency card' and they tend to offer me a deal to come back every 6 to 9 months after clearing it - but there's no guarantees.

Thanks,

Chuckyhen

olly300

If you know the answer then you don't need to ask about tarting.

And whether you will find it easy to tart after that depends on what sort of freelancer you are.

CannyJock

Yes, lenders like to see stability - so applying for things now while you can show current income and time in job would be the best bet.

It'll probably be harder than before at first until you can establish your income. One advantage of being self-employed is that you can put your "expected" income for the current year on an application which may be substantially higher than your previous employed income - so long as you can substantiate the number if asked.