Help Me I Have Sinned - Part Two - Return of the Debtmaster.

Foxy1075

Thanks Martin, I have applied and been accepted for an HSBC Credit card with the 0% for 6 months offer, and no balance transfer fee.

Only problem is I have a credit limit of just £2750 to start with, which helps but doesn't solve the problem.

I also tried the Shuffle Step 1 by asking existing companies to reduce the rate, of the five companies I have two agreed, Virgin (MBNA) reduced my rate from 22.9% APR to 14.9% APR and Barclaycard from 19.9% to 12.9% APR, the other three refused.

Dilemna I've now got is that as I've been accepted for one, should I try for another, bearing in mind it will now be five credit searches in 1 year (after my acceptance today) or should I just carry on with the shuffle steps 2, 3 and 4, will I actually have anything to lose in applying?

The only problem with doing steps 2, 3 and 4 is that I don't really understand them, hopefully that doesn't make me thick in your eyes.

Seeing as you know my balances and credit limits I've already posted can you actually advise me what to do in my personal circumstances please?

After reading the shuffle steps I have since realised I need to include my personal overdraft as well, that's with Barclays £2100, the first £250 of which is interest free, and the remaining monies at 9.9% APR.

In order to have this rate I have an account called Additions Plus for which I pay £12 per month.

Anything you can advise to help me out of this stupid situation (for which I have only myself to blame) I would be most appreciative of.

Thanks.

Foxy